Expenditures: Vehicle Maintenance and Repairs by Region: Residence in the Northeast Census Region
CXUCAREPAIRLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
965.00
Year-over-Year Change
17.25%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures vehicle maintenance and repair expenditures by consumers residing in the Northeast Census Region of the United States. It provides insights into household spending patterns and transportation costs within this specific geographic area.
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: Vehicle Maintenance and Repairs by Region: Residence in the Northeast Census Region metric tracks the average monthly consumer spending on vehicle maintenance and repairs for households located in the Northeastern United States. This data point is useful for analyzing regional differences in transportation-related costs and consumer behavior.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for policymakers, economists, and businesses analyzing regional consumer spending and transportation market trends.
Key Facts
- The Northeast Census Region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Vehicle maintenance and repair costs can vary significantly by geographic region due to factors like labor rates, parts availability, and driving conditions.
- Tracking regional trends in vehicle maintenance spending can provide insights into consumer behavior and transportation market dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly consumer spending on vehicle maintenance and repairs for households located in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional differences in transportation-related costs and consumer behavior, which is useful for policymakers, economists, and businesses analyzing transportation market trends.
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 relevant for policymakers and economists analyzing regional consumer spending patterns and transportation market dynamics.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the underlying Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Vehicle Maintenance and Repairs by Region: Residence in the Northeast Census Region (CXUCAREPAIRLB1102M), retrieved from FRED.