Expenditures: Transportation by Region: Residence in the Northeast Census Region
CXUTRANSLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,880.00
Year-over-Year Change
64.55%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures transportation expenditures by households residing in the Northeast Census Region of the United States. It provides insights into regional consumer spending patterns and supports policymakers in understanding regional economic dynamics.
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: Transportation by Region: Residence in the Northeast Census Region series tracks monthly household spending on transportation-related goods and services for consumers living in the Northeast region. This data is used by economists and policymakers to analyze regional consumption and cost-of-living trends.
Methodology
The data is collected through the Bureau of Labor Statistics' Consumer Expenditure Survey, which samples U.S. households to measure their spending habits.
Historical Context
This economic indicator is relevant for understanding regional economic conditions and consumer behavior, which can inform policy decisions and market strategies.
Key Facts
- Transportation accounts for about 16% of household spending in the Northeast.
- Spending on transportation in the Northeast is higher than the national average.
- This data series dates back to 1984.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly household expenditures on transportation-related goods and services for consumers residing in the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into regional consumer spending patterns, which is useful for policymakers, businesses, and economists analyzing economic conditions and cost-of-living trends in the Northeast.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' Consumer Expenditure Survey, which samples U.S. households to measure their spending habits.
Q: How is this trend used in economic policy?
A: This economic indicator is relevant for understanding regional economic conditions and consumer behavior, which can inform policy decisions and market strategies.
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: Transportation by Region: Residence in the Northeast Census Region (CXUTRANSLB1102M), retrieved from FRED.