Expenditures: Telephone Services by Region: Residence in the Northeast Census Region
CXUPHONELB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,415.00
Year-over-Year Change
9.60%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures household expenditures on telephone services in the Northeast Census Region of the United States. It provides valuable insights into consumer spending patterns and regional variations in telecommunication costs.
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 Telephone Services by Region: Residence in the Northeast Census Region series tracks monthly household expenditures on telephone services, including landline, mobile, and internet-based voice services. This data is useful for analyzing regional differences in consumer behavior and the economic factors driving telecommunications costs.
Methodology
The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for policymakers, economists, and market analysts studying regional consumer spending and the telecommunications industry.
Key Facts
- Telephone services account for a significant portion of household budgets.
- Regional variations in telephone service costs can impact consumer behavior.
- The Northeast Census Region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly household expenditures on telephone services, including landline, mobile, and internet-based voice services, for 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 regional consumer spending patterns and the economic factors driving telecommunications costs, which is useful for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to study regional consumer spending and the telecommunications industry, which can inform policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and any limitations of the Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Telephone Services by Region: Residence in the Northeast Census Region (CXUPHONELB1102M), retrieved from FRED.