Consumer Unit Characteristics: Number of Vehicles by Region: Residence in the Northeast Census Region
CXUVEHICLESLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the number of vehicles owned by consumer units residing in the Northeastern United States. It provides insights into household transportation patterns and consumer behavior in this region.
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 'Number of Vehicles by Region: Residence in the Northeast Census Region' trend tracks the average number of vehicles per consumer unit, or household, located in the Northeastern region of the United States. This data is used by economists and policymakers to analyze regional transportation trends and consumer preferences.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for understanding consumer demand, transportation infrastructure needs, and regional economic conditions.
Key Facts
- The average number of vehicles per consumer unit in the Northeast was 1.9 in 2022.
- Vehicle ownership in the Northeast is lower compared to other U.S. regions.
- Trends in this data can inform infrastructure investment and public transit policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of vehicles owned by consumer units, or households, located in the Northeastern region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional transportation patterns and consumer behavior, which is useful for economists, policymakers, and businesses.
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 used to inform infrastructure investment, public transit policies, and regional economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay, and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Consumer Unit Characteristics: Number of Vehicles by Region: Residence in the Northeast Census Region (CXUVEHICLESLB1102M), retrieved from FRED.