Expenditures: Public and Other Transportation by Region: Residence in the Northeast Census Region
CXUPUBTRANSLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,823.00
Year-over-Year Change
149.73%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures consumer spending on public and other transportation services in the Northeast Census Region of the United States. It provides insights into regional transportation demand and household budgets.
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: Public and Other Transportation by Region: Residence in the Northeast Census Region series tracks monthly consumer expenditures on public transportation, taxis, and other transportation services for households located in the Northeast region. It is a key indicator of regional economic activity and consumer behavior.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This metric is valuable for economists, policymakers, and transportation planners to assess regional transportation trends and make informed decisions.
Key Facts
- The Northeast region includes CT, ME, MA, NH, NJ, NY, PA, RI, and VT.
- Public transportation includes buses, trains, and subways.
- This data is released monthly with a 1-2 month lag.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer spending on public transportation, taxis, and other transportation services for households located in the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into regional transportation demand and household budgets, which is valuable for economists, policymakers, and transportation planners to assess regional economic activity and make informed decisions.
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 used by economists and policymakers to evaluate regional transportation trends and consumer behavior, which can inform transportation infrastructure investments and other economic policies.
Q: Are there update delays or limitations?
A: This data is released monthly with a 1-2 month lag.
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Citation
U.S. Federal Reserve, Expenditures: Public and Other Transportation by Region: Residence in the Northeast Census Region (CXUPUBTRANSLB1102M), retrieved from FRED.