Expenditures: Vehicle Rental, Leases, Licenses, and Other Charges by Region: Residence in the Northeast Census Region
CXUVEHRNTLCLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,053.00
Year-over-Year Change
67.68%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures expenditures on vehicle rental, leases, licenses, and other related charges by residents in the Northeast Census Region of the United States. It provides insights into consumer spending and demand for transportation services in this 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 Rental, Leases, Licenses, and Other Charges by Region: Residence in the Northeast Census Region trend represents the total consumer spending on various vehicle-related services and fees in the Northeast region. This data is used by economists and policymakers to analyze patterns of transportation usage and costs within this specific geographic market.
Methodology
The data is collected through consumer surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding regional variations in transportation costs and consumer behavior, which can inform economic policy and business decisions.
Key Facts
- The Northeast Census Region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Vehicle rental and related costs account for a significant portion of household budgets in the Northeast.
- Trends in this data can indicate changes in tourism, business activity, and overall economic conditions in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer expenditures on vehicle rental, leases, licenses, and other related charges by residents in the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into transportation costs and consumer behavior in the Northeast region, which can inform economic policy, business decisions, and analyses of regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to understand regional variations in transportation costs and consumer spending patterns, which can inform infrastructure investments, tax policies, and other economic decisions.
Q: Are there update delays or limitations?
A: There may be a delay of several months between the end of the reporting period and the release of the latest data. Additionally, the data may not capture all vehicle-related expenditures, as it is based on consumer surveys.
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Citation
U.S. Federal Reserve, Expenditures: Vehicle Rental, Leases, Licenses, and Other Charges by Region: Residence in the Northeast Census Region (CXUVEHRNTLCLB1102M), retrieved from FRED.