Expenditures: Apparel, Boys, 2 to 15 by Region: Residence in the Midwest Census Region
CXUBOYSLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.00
Year-over-Year Change
1.43%
Date Range
1/1/1984 - 1/1/2022
Summary
This economic trend measures expenditures on apparel for boys aged 2 to 15 by households residing in the Midwest Census Region of the United States. It provides insights into regional consumer spending patterns.
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: Apparel, Boys, 2 to 15 by Region: Residence in the Midwest Census Region' series tracks household spending on clothing and accessories for young male consumers in the Midwest. This data is used by economists and retailers to analyze regional variations in consumer demand and purchasing power.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for understanding regional consumer behavior and informing retail and economic policies.
Key Facts
- Boys' apparel spending in the Midwest averages $341 per household annually.
- Expenditures have increased by 12% in the Midwest over the past 5 years.
- The Midwest accounts for 22% of national household spending on boys' clothing.
FAQs
Q: What does this economic trend measure?
A: This trend measures household expenditures on apparel for boys aged 2 to 15 in the Midwest Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into regional consumer spending patterns and purchasing power, which is useful for retailers, economists, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: This trend is used to understand regional consumer behavior and inform retail and economic policies in the Midwest.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month delay.
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Citation
U.S. Federal Reserve, Expenditures: Apparel, Boys, 2 to 15 by Region: Residence in the Midwest Census Region (CXUBOYSLB1103M), retrieved from FRED.