Expenditures: Apparel, Men, 16 and over by Region: Residence in the Midwest Census Region
CXUMENSLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
415.00
Year-over-Year Change
46.64%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures men's apparel expenditures by those residing in the Midwest Census Region of the United States. It provides insights into regional consumer spending patterns and can inform retail strategies.
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, Men, 16 and over by Region: Residence in the Midwest Census Region series tracks monthly consumer spending on men's clothing and accessories for individuals living in the Midwest region. This data is used by economists and policymakers to analyze regional consumption trends and their potential economic impacts.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend can be used to assess consumer demand and inform business and policy decisions related to the retail industry.
Key Facts
- The Midwest Census Region includes 12 states in the central United States.
- Men's apparel accounts for a significant portion of overall consumer spending.
- Regional differences in consumer spending patterns can impact retail strategies.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer expenditures on men's clothing and accessories for individuals residing in the Midwest Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional consumer spending patterns, which can inform retail strategies and help analyze the economic impacts of changes in consumer demand.
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 trend can be used by economists and policymakers to assess consumer demand and inform business and policy decisions related to the retail industry.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations associated with household survey-based economic indicators.
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Citation
U.S. Federal Reserve, Expenditures: Apparel, Men, 16 and over by Region: Residence in the Midwest Census Region (CXUMENSLB1103M), retrieved from FRED.