Consumer Unit Characteristics: Number of Consumer Units by Region: Residence in the Northeast Census Region
CXUCONSUNITLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,217.00
Year-over-Year Change
3.01%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the number of consumer units residing in the Northeastern United States, a key indicator of regional consumption and economic activity.
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 Number of Consumer Units by Region: Residence in the Northeast Census Region tracks the total number of households, families, and individuals living in the Northeastern states. This metric provides insights into regional demographics and spending patterns that are crucial for economic analysis and policymaking.
Methodology
The data is collected through the U.S. Consumer Expenditure Survey.
Historical Context
This trend is widely used by economists, businesses, and policymakers to understand regional economic trends and consumer behavior.
Key Facts
- The Northeast Census Region includes Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.
- The number of consumer units in the Northeast has remained relatively stable over the past decade.
- Trends in Northeast consumer units can indicate regional economic performance and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of consumer units, which include households, families, and individuals, residing in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into regional demographics and spending patterns, which are crucial for economic analysis, market research, and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Consumer Expenditure Survey, a comprehensive national survey conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in Northeast consumer units can indicate regional economic performance and consumer confidence, which are important considerations for policymakers and businesses.
Q: Are there update delays or limitations?
A: The Consumer Expenditure Survey data is released on a quarterly basis, so there may be a short delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Consumer Unit Characteristics: Number of Consumer Units by Region: Residence in the Northeast Census Region (CXUCONSUNITLB1102M), retrieved from FRED.