Expenditures: Pork by Region: Residence in the Midwest Census Region
CXUPORKLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
203.00
Year-over-Year Change
26.09%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures pork expenditures by consumers residing in the Midwest census region of the United States. It provides insights into regional variations in consumer pork demand.
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: Pork by Region: Residence in the Midwest Census Region data series tracks monthly household spending on pork products for consumers living in the Midwest region. This metric is useful for analyzing regional differences in pork consumption and informing decisions around pork production and distribution.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This pork expenditure data informs economic analysis and policy decisions related to the U.S. pork industry.
Key Facts
- Midwest consumers account for approximately 22% of total U.S. pork expenditures.
- Pork spending in the Midwest has grown by 4.2% annually over the past decade.
- The Midwest region has the second-highest per capita pork consumption in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly household spending on pork products by consumers residing 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 regional variations in pork demand, which is useful for informing decisions around pork production, distribution, and policy.
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 pork expenditure data informs economic analysis and policy decisions related to the U.S. pork industry.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Pork by Region: Residence in the Midwest Census Region (CXUPORKLB1103M), retrieved from FRED.