Expenditures: Apparel, Girls, 2 to 15 by Region: Residence in the Midwest Census Region
CXUGIRLSLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.00
Year-over-Year Change
-6.25%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures average monthly expenditures on apparel for girls aged 2 to 15 living in the Midwest Census Region of the United States. It provides insights into regional consumer spending patterns and household budgets.
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: Apparel, Girls, 2 to 15 by Region: Residence in the Midwest Census Region series tracks the average monthly spending on clothing and accessories for pre-teen and teenage girls residing in the Midwest states. This data is used by economists and policymakers to analyze regional consumer behavior and identify economic trends.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator helps inform decisions related to retail, manufacturing, and economic policy in the Midwest region.
Key Facts
- The Midwest region accounts for 21.6% of the U.S. population.
- Girls' apparel spending in the Midwest makes up 18.2% of total U.S. expenditures.
- Monthly apparel spending for Midwest girls aged 2-15 averaged $72.41 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly expenditures on apparel, including clothing and accessories, for girls aged 2 to 15 living 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 regional consumer spending patterns and household budgets, which is useful for economists, policymakers, and businesses operating in the Midwest.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator helps inform decisions related to retail, manufacturing, and economic policy in the Midwest region.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Expenditures: Apparel, Girls, 2 to 15 by Region: Residence in the Midwest Census Region (CXUGIRLSLB1103M), retrieved from FRED.