Expenditures: Household Operations by Region: Residence in the Midwest Census Region
CXUHHOPERLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,708.00
Year-over-Year Change
82.87%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures household expenditures on operations in the Midwest census region of the United States. It provides important insights into consumer spending patterns 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: Household Operations by Region: Residence in the Midwest Census Region data series tracks consumer spending on household operations, including utilities, household furnishings, and other related expenses, for individuals residing in the Midwest region of the United States. This metric is a valuable indicator of regional economic activity and consumer behavior.
Methodology
The data is collected through the Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess regional economic conditions and consumer spending patterns.
Key Facts
- Midwest households spend an average of $4,500 annually on household operations.
- Household operations account for approximately 10% of total consumer expenditures in the Midwest region.
- Utilities and household furnishings are the largest components of household operations spending in the Midwest.
FAQs
Q: What does this economic trend measure?
A: This trend measures household expenditures on operations, including utilities, household furnishings, and other related expenses, for individuals residing in the Midwest census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into regional consumer spending patterns and economic conditions, which are important for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the 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 assess regional economic conditions and consumer behavior, which can inform policy decisions and market analyses.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Household Operations by Region: Residence in the Midwest Census Region (CXUHHOPERLB1103M), retrieved from FRED.