Expenditures: Telephone Services by Region: Residence in the Midwest Census Region
CXUPHONELB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,374.00
Year-over-Year Change
20.95%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures residential expenditures on telephone services in the Midwest census region. It provides insights into consumer spending patterns and telecommunications usage in a key U.S. market.
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: Telephone Services by Region: Residence in the Midwest Census Region metric tracks household outlays on landline, mobile, and internet-based telephone services in the 12-state Midwest region. This data point is used by economists and policymakers to analyze consumer demand, inflation, and telecommunications infrastructure.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for assessing consumer behavior, market competition, and regulatory policies in the telecommunications industry.
Key Facts
- The Midwest region accounts for over 21% of U.S. population.
- Telephone services make up around 2.5% of total household expenditures.
- Residential telecom spending has grown by 25% in the Midwest over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks household expenditures on landline, mobile, and internet-based telephone services in the Midwest census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer demand, inflation, and telecommunications infrastructure in a key U.S. market, making it useful for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: This metric is relevant for assessing consumer behavior, market competition, and regulatory policies in the telecommunications industry.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months.
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Net Change in Total Liabilities by Region: Residence in the Midwest Census Region
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Citation
U.S. Federal Reserve, Expenditures: Telephone Services by Region: Residence in the Midwest Census Region (CXUPHONELB1103M), retrieved from FRED.