Expenditures: Floor Coverings by Region: Residence in the Midwest Census Region
CXUFLOORCOVLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.00
Year-over-Year Change
8.33%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures expenditures on floor coverings by households located in the Midwest Census Region of the United States. Understanding regional consumer spending patterns is crucial for businesses and policymakers to gauge demand and make informed decisions.
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: Floor Coverings by Region: Residence in the Midwest Census Region metric tracks consumer spending on items like carpets, rugs, and other floor coverings within the Midwest region. This data provides insights into regional consumer behavior and preferences that can inform production, distribution, and marketing strategies.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
Policymakers and businesses use this metric to assess regional economic conditions and consumer demand.
Key Facts
- The Midwest Census Region includes 12 states in the central United States.
- Floor coverings account for a significant portion of household spending on home furnishings.
- Consumer spending on floor coverings can indicate regional differences in preferences and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer expenditures on floor coverings, such as carpets and rugs, by households located in the Midwest Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: Understanding regional differences in consumer spending on floor coverings can provide valuable insights for businesses, policymakers, and economists to gauge demand, inform production and distribution strategies, and assess economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey, which tracks household spending across various categories.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess regional economic conditions and consumer demand, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the Consumer Expenditure Survey, which is released on a quarterly basis with potential delays.
Related Trends
Other Financial Information: Estimated Market Value of Owned Home by Region: Residence in the Midwest Census Region
CXU800721LB1103M
Projected Business Formations Within Eight Quarters: Total for All NAICS in Midwest Census Region
BFPBF8QTOTALNSAMW
Expenditures: Other Vehicle Expenses by Region: Residence in the Midwest Census Region
CXUVEHOTHXPLB1103M
Consumer Unit Characteristics: Percent College by Region: Residence in the Midwest Census Region
CXU980310LB1103M
New One Family Houses Sold for the Midwest Census Region
HSN1FMWNSA
Personal Taxes: Personal Taxes by Region: Residence in the Midwest Census Region
CXUPERSTAXLB1103M
Citation
U.S. Federal Reserve, Expenditures: Floor Coverings by Region: Residence in the Midwest Census Region (CXUFLOORCOVLB1103M), retrieved from FRED.