Expenditures: Apparel, Women and Girls by Region: Residence in the Midwest Census Region
CXUWMNSGRLSLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
675.00
Year-over-Year Change
-8.54%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend tracks consumer expenditures on apparel for women and girls living in the Midwest region of the United States. It provides valuable insights into regional consumer spending patterns.
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: Apparel, Women and Girls by Region: Residence in the Midwest Census Region data series measures the average monthly household spending on women's and girls' clothing and accessories for consumers residing in the Midwest region. This metric is useful for analyzing regional consumer demand and preferences.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and businesses to understand regional consumer behavior and inform strategic decisions.
Key Facts
- Measured in average monthly household spending
- Specific to the Midwest Census region of the U.S.
- Tracks expenditures on women's and girls' clothing and accessories
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly household expenditures on apparel for women and girls living in the Midwest region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into regional consumer spending patterns, which can inform strategic decisions for businesses, policymakers, and economists.
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 used by economists and policymakers to understand regional consumer behavior and inform decisions related to economic development, retail planning, and consumer-focused policies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological limitations of the U.S. Bureau of Labor Statistics household surveys.
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Citation
U.S. Federal Reserve, Expenditures: Apparel, Women and Girls by Region: Residence in the Midwest Census Region (CXUWMNSGRLSLB1103M), retrieved from FRED.