Expenditures: Footwear by Region: Residence in the Northeast Census Region
CXUFOOTWEARLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
518.00
Year-over-Year Change
56.50%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures household expenditures on footwear by consumers residing in the Northeast census region of the United States. It is an important indicator of consumer spending and regional economic conditions.
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: Footwear by Region: Residence in the Northeast Census Region data series tracks monthly changes in the dollar amount that households in the Northeast region spend on footwear. This provides insights into consumer demand and discretionary spending patterns in a key geographic market.
Methodology
The data is collected through the Consumer Expenditure Survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to gauge regional economic performance and consumer confidence.
Key Facts
- Footwear is a key component of consumer discretionary spending.
- The Northeast census region includes 9 states in the eastern U.S.
- Household footwear expenditures reflect broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly household expenditures on footwear 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 insights into consumer demand and discretionary spending patterns in a key geographic market, which is useful for policymakers and analysts assessing regional economic performance.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Expenditure Survey administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge regional economic conditions and consumer confidence.
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: Footwear by Region: Residence in the Northeast Census Region (CXUFOOTWEARLB1102M), retrieved from FRED.