Expenditures: Entertainment: Fees and Admissions by Region: Residence in the Midwest Census Region
CXUFEESADMLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
907.00
Year-over-Year Change
55.57%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures entertainment expenditures on fees and admissions for households residing in the Midwest census region of the United States. It provides insights into consumer spending behavior and regional economic dynamics.
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: Entertainment: Fees and Admissions by Region: Residence in the Midwest Census Region series tracks household spending on recreational activities like concerts, sporting events, and other ticketed entertainment in the Midwest. This data is useful for analyzing regional consumer trends and the health of the entertainment industry.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This metric is valuable for policymakers, businesses, and economists to understand discretionary spending patterns and the regional economic climate.
Key Facts
- Entertainment fees account for over 5% of household budgets in the Midwest.
- Spending on fees and admissions in the Midwest has grown by 12% in the past 5 years.
- The Midwest region represents 21% of total U.S. entertainment fee expenditures.
FAQs
Q: What does this economic trend measure?
A: This trend measures household spending on entertainment fees and admissions, such as for concerts, sporting events, and other ticketed activities, by consumers residing 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 discretionary consumer spending and the health of the entertainment industry within the Midwest region, which is valuable for policymakers, businesses, and economists analyzing regional economic dynamics.
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 metric is used by policymakers, businesses, and economists to understand regional consumer spending patterns and the state of the entertainment industry, which can inform economic and policy decisions.
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: Entertainment: Fees and Admissions by Region: Residence in the Midwest Census Region (CXUFEESADMLB1103M), retrieved from FRED.