Expenditures: Other Household Products by Region: Residence in the Midwest Census Region
CXUHKPGOTHRLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
516.00
Year-over-Year Change
41.37%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic indicator tracks consumer spending on a variety of household products in the Midwest census region of the United States. It provides insights into regional consumer demand and 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 Products by Region: Residence in the Midwest Census Region series measures household spending on a range of non-durable goods, excluding food and energy, for consumers living in the Midwest region. This data point is used by economists and policymakers to understand regional variations in consumer behavior and household budgets.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This regional spending metric can inform policy decisions and business strategies related to consumer markets in the Midwest.
Key Facts
- The Midwest region accounts for approximately 22% of the U.S. population.
- Household spending on other products in the Midwest averages $300 per month.
- Consumer demand for household goods varies significantly across U.S. regions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks consumer spending on a variety of household products, excluding food and energy, by residents in the Midwest census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This regional spending data provides insights into consumer demand and household budgets, which can inform policy decisions and business strategies in the Midwest market.
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 regional spending metric can inform policy decisions and business strategies related to consumer markets in the Midwest.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Expenditures: Other Household Products by Region: Residence in the Midwest Census Region (CXUHKPGOTHRLB1103M), retrieved from FRED.