Expenditures: Other Vehicle Purchases by Region: Residence in the Northeast Census Region
CXUOTHVEHCLLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.00
Year-over-Year Change
-9.09%
Date Range
1/1/1984 - 1/1/2021
Summary
This economic trend measures consumer expenditures on vehicle purchases by residents of the Northeastern 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 Vehicle Purchases by Region: Residence in the Northeast Census Region' data series tracks monthly household spending on vehicle purchases, excluding new car purchases, for consumers living in the Northeastern states. This metric is a key indicator of regional economic activity and consumer confidence.
Methodology
The data is collected through consumer surveys by the U.S. Bureau of Economic Analysis.
Historical Context
This spending trend is closely monitored by economists, policymakers, and industry analysts to assess regional economic conditions and consumer behavior.
Key Facts
- Spending on vehicle purchases in the Northeast accounts for over 20% of total U.S. vehicle expenditures.
- Vehicle purchase expenditures in the Northeast are typically higher than the national average.
- Trends in Northeast vehicle purchases often lead national consumer spending patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly household spending on vehicle purchases, excluding new cars, by consumers residing in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into regional consumer demand and spending patterns, which are important indicators of economic activity and consumer confidence in the Northeast.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This spending trend is closely monitored by economists, policymakers, and industry analysts to assess regional economic conditions and consumer behavior, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, but may have a 1-2 month lag in reporting.
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Citation
U.S. Federal Reserve, Expenditures: Other Vehicle Purchases by Region: Residence in the Northeast Census Region (CXUOTHVEHCLLB1102M), retrieved from FRED.