Expenditures: Other Household Expenses by Region: Residence in the Northeast Census Region
CXUHHOTHXPNLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,635.00
Year-over-Year Change
112.89%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures other household expenditures, such as personal care, household operations, and miscellaneous expenses, for households residing in the Northeast Census Region of the United States. It provides insights into regional variations in consumer spending patterns.
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: Other Household Expenses by Region: Residence in the Northeast Census Region series tracks a subset of consumer expenditures beyond typical categories like housing, food, and transportation. It is used by economists and policymakers to analyze regional differences in household spending behavior and the factors that influence them.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey, which samples households and tracks their spending across various categories.
Historical Context
This trend is relevant for understanding regional economic conditions and consumer demand patterns, which can inform policy decisions and business strategies.
Key Facts
- The Northeast Census Region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Other household expenses include personal care products and services, household operations, and miscellaneous expenditures.
- Household spending patterns can vary significantly across different regions of the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures other household expenditures, such as personal care, household operations, and miscellaneous expenses, for households 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 regional variations in consumer spending patterns, which can inform economic analysis, policy decisions, and business strategies.
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 samples households and tracks their spending across various categories.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding regional economic conditions and consumer demand patterns, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and potential limitations of the underlying Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Other Household Expenses by Region: Residence in the Northeast Census Region (CXUHHOTHXPNLB1102M), retrieved from FRED.