Expenditures: Other Dairy Products by Region: Residence in the Northeast Census Region
CXUOTHDAIRYLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
515.00
Year-over-Year Change
74.58%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures expenditures on other dairy products by households residing in the Northeast Census Region of the United States. It provides insights into regional consumer demand for a specific category of dairy goods.
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 Dairy Products by Region: Residence in the Northeast Census Region' series tracks monthly consumer spending on dairy items like cheese, yogurt, and ice cream in the Northeastern states. This data is useful for analyzing regional variations in household consumption patterns and can inform business and policy decisions.
Methodology
The data is collected through consumer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for policymakers, market analysts, and businesses operating in the dairy industry.
Key Facts
- The Northeast region accounts for over 20% of U.S. dairy product sales.
- Household spending on other dairy items averages $30-40 per month in the Northeast.
- This series has been tracked since 1999 as part of the Consumer Expenditure Survey.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer expenditures on other dairy products, such as cheese, yogurt, and ice cream, by households residing in the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into regional variations in household consumption patterns for dairy goods, which can inform business strategy and policymaking decisions in the dairy industry.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, market analysts, and businesses operating in the dairy industry to understand regional consumer demand and spending patterns.
Q: Are there update delays or limitations?
A: This series is updated monthly with a short delay, and the data is subject to sampling and reporting limitations inherent in consumer survey methods.
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Citation
U.S. Federal Reserve, Expenditures: Other Dairy Products by Region: Residence in the Northeast Census Region (CXUOTHDAIRYLB1102M), retrieved from FRED.