Expenditures: Vehicle Purchases (Net Outlay) by Region: Residence in the Northeast Census Region
CXUVEHPURCHLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,770.00
Year-over-Year Change
115.70%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures vehicle purchases (net outlay) by individuals residing in the Northeast Census Region of the United States. It provides insights into consumer spending and demand in this key geographic area.
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: Vehicle Purchases (Net Outlay) by Region: Residence in the Northeast Census Region data series tracks the net amount spent on vehicle purchases by consumers living in the Northeast region. It is an important indicator of economic activity and consumer confidence in this part of the country.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess regional consumer spending patterns and forecast economic conditions.
Key Facts
- The Northeast region accounts for around 18% of the U.S. population.
- Vehicle purchases make up a significant portion of household budgets.
- This data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net amount spent on vehicle purchases by consumers residing in the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer spending and demand patterns in a key geographic region, which is important for understanding broader economic conditions and making informed policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to assess regional consumer spending patterns and forecast economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical delay of several weeks between the reference period and the publication date.
Related Trends
New Privately Owned Housing Starts by Purpose of Construction, Built for Sale Total One-Family Units in the Northeast Census Region
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Expenditures: Footwear by Region: Residence in the Northeast Census Region
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Expenditures: Other Meats by Region: Residence in the Northeast Census Region
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New Privately Owned Housing Starts by Design Type, Attached One-Family Units in the Northeast Census Region
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Citation
U.S. Federal Reserve, Expenditures: Vehicle Purchases (Net Outlay) by Region: Residence in the Northeast Census Region (CXUVEHPURCHLB1102M), retrieved from FRED.