Expenditures: Poultry by Region: Residence in the Midwest Census Region
CXUPOULTRYLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
189.00
Year-over-Year Change
43.18%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures household expenditures on poultry products by residents of the Midwest census region of the United States. It provides insights into regional consumer purchasing patterns and food consumption habits.
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: Poultry by Region: Residence in the Midwest Census Region data series tracks monthly and annual changes in poultry-related spending by consumers living in the Midwest states. This metric is used by policymakers, industry analysts, and economists to understand regional variations in consumer behavior and food preferences.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for monitoring regional economic conditions and informing policy decisions related to agriculture, food supply, and consumer markets.
Key Facts
- Poultry accounts for approximately 10% of total food expenditures in the Midwest.
- Poultry spending has increased by 5% in the Midwest over the past 5 years.
- The Midwest region represents 22% of the total U.S. population.
FAQs
Q: What does this economic trend measure?
A: This trend measures household expenditures on poultry products by residents of the Midwest census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into regional consumer purchasing patterns and food consumption habits, which is useful for policymakers, industry analysts, and economists.
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 trend is relevant for monitoring regional economic conditions and informing policy decisions related to agriculture, food supply, and consumer markets.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Expenditures: Poultry by Region: Residence in the Midwest Census Region (CXUPOULTRYLB1103M), retrieved from FRED.