Expenditures: Fish and Seafood by Region: Residence in the Northeast Census Region
CXUFISHSEALB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
241.00
Year-over-Year Change
65.07%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures household expenditures on fish and seafood products by consumers residing in the Northeast Census Region of the United States. It is an important indicator of regional consumer demand and can inform policy decisions related to the seafood industry.
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: Fish and Seafood by Region: Residence in the Northeast Census Region series tracks monthly household spending on fish and seafood products for consumers living in the Northeastern United States. This data point is used by economists and policymakers to analyze regional consumer behavior and the health of the seafood industry.
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 economic activity and informing policy decisions that impact the seafood industry and consumer markets.
Key Facts
- Expenditures on fish and seafood in the Northeast region account for a significant portion of total U.S. household seafood spending.
- This trend has shown steady growth over the past decade, reflecting increased consumer demand for seafood products in the Northeast.
- The data is collected monthly, providing timely insights into regional consumer behavior.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly household expenditures on fish and seafood products by consumers residing in the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into regional consumer demand for seafood, which is important for understanding economic activity and informing policy decisions that impact the seafood industry.
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 by economists and policymakers to analyze regional consumer behavior and the health of the seafood industry, which can inform decisions related to industry regulations, trade, and economic development.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, providing timely insights into regional consumer spending on fish and seafood products.
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Citation
U.S. Federal Reserve, Expenditures: Fish and Seafood by Region: Residence in the Northeast Census Region (CXUFISHSEALB1102M), retrieved from FRED.