Expenditures: Cellular Phone Service by Region: Residence in the Northeast Census Region
CXU270102LB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,205.00
Year-over-Year Change
47.49%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures consumer expenditures on cellular phone service for households residing in the Northeast Census Region of the United States. It is an important indicator of consumer demand and telecommunications usage in the region.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Expenditures: Cellular Phone Service by Region: Residence in the Northeast Census Region data series tracks monthly average expenditures on cellular phone service for households located in the Northeastern United States. This data provides insights into consumer behavior and telecommunications consumption patterns in the region.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor consumer demand and adoption of cellular technology in the Northeast.
Key Facts
- The Northeast Census Region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Cellular phone service is a major component of household telecommunications budgets.
- Consumer spending on cellular service can reflect broader economic trends in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly consumer expenditures on cellular phone service for households located in the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand and adoption of cellular technology in the Northeastern United States, which is useful for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor consumer demand and telecommunications usage patterns in the Northeast region, which can inform policy decisions related to the telecommunications industry and consumer spending.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as it is collected through household surveys and requires processing time.
Related Trends
New Privately Owned Housing Completions Median Square Feet of Floor Area for Two or More Units in the Northeast Census Region
COMPSFLAM2UMNEQ
New Privately Owned Housing Starts by Purpose of Construction, Built for Sale Total Two or More Units in the Northeast Census Region
HOUSTPFST2UMNEQ
Value-Added Output Price Deflator for Private Nonfarm in the Northeast Census Region
IPUZNT050981000
Producer Price Index by Industry: New Nonresidential Building Construction by Contractor Type/Region: Electrical Contractors for Northeast Census Region
PCU2364002364002221
New Privately Owned Housing Starts by Purpose of Construction, Owner-Built One-Family Units in the Northeast Census Region
HOUSTOB1FNEQ
Housing Inventory Estimate: Total Housing Units in the Northeast Census Region
ETOTALNEQ176N
Citation
U.S. Federal Reserve, Expenditures: Cellular Phone Service by Region: Residence in the Northeast Census Region (CXU270102LB1102M), retrieved from FRED.