Expenditures: Vehicle Rental, Leases, Licenses, and Other Charges by Region: Residence in the Midwest Census Region
CXUVEHRNTLCLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
812.00
Year-over-Year Change
105.57%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures vehicle rental, leasing, licensing, and other related charges for residents in the Midwest census region of the United States. It provides insights into consumer spending patterns and regional economic activity.
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 Midwest Census Region is a key indicator used by economists and policymakers to understand consumer behavior and transportation-related spending in the Midwest U.S. region.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for analyzing regional economic conditions and consumer demand for transportation services.
Key Facts
- The Midwest region accounts for over 20% of total U.S. population.
- Vehicle-related charges make up around 4% of total household expenditures in the Midwest.
- This trend has shown steady growth over the past decade, reflecting increased transportation demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer expenditures on vehicle rental, leasing, licensing, and other related charges for residents in the Midwest census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into regional consumer spending patterns and transportation demand, which are key indicators of economic conditions in the Midwest.
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: Policymakers and analysts use this trend to monitor regional economic activity and consumer behavior, which can inform decisions around transportation infrastructure, taxation, and other economic policies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay. There may also be limitations in capturing all vehicle-related charges across different household arrangements.
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Median Sales Price of Existing Single-Family Homes in Midwest Census Region
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Expenditures: Gasoline, Other Fuels, and Motor Oil by Region: Residence in the Midwest Census Region
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Income Before Taxes: Social Security, Private & Government Retirement by Region: Residence in the Midwest Census Region
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Quits: Total Nonfarm in Midwest Census Region
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Citation
U.S. Federal Reserve, Expenditures: Vehicle Rental, Leases, Licenses, and Other Charges by Region: Residence in the Midwest Census Region (CXUVEHRNTLCLB1103M), retrieved from FRED.