Expenditures: Alcoholic Beverages by Region: Residence in the Midwest Census Region
CXUALCBEVGLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
613.00
Year-over-Year Change
58.40%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures expenditures on alcoholic beverages by consumers residing in the Midwest census region of the United States. It provides insights into regional consumption patterns and consumer behavior.
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: Alcoholic Beverages by Region: Residence in the Midwest Census Region data series tracks monthly consumer spending on alcoholic drinks, such as beer, wine, and spirits, for individuals living in the Midwest region of the U.S. This metric is used by economists and policymakers to analyze regional consumption trends and shifts in consumer preferences.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding regional market dynamics and informing policy decisions related to the alcohol industry and consumer spending.
Key Facts
- The Midwest region accounts for approximately 21% of total U.S. alcoholic beverage expenditures.
- Consumer spending on alcoholic beverages in the Midwest has grown by an average of 3.2% annually over the past decade.
- Beer remains the most popular alcoholic drink in the Midwest, comprising 60% of total regional expenditures.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer expenditures on alcoholic beverages, such as beer, wine, and spirits, for individuals residing in the Midwest census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional consumption patterns and shifts in consumer preferences, which is valuable for economists, policymakers, and industry stakeholders.
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 to inform policy decisions related to the alcohol industry and consumer spending patterns in the Midwest region.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical lag of 2-3 months between the reference period and publication.
Related Trends
Expenditures: Other Food at Home by Region: Residence in the Midwest Census Region
CXUOTHRFOODLB1103M
Consumer Unit Characteristics: Percent Never Attended School and Other by Region: Residence in the Midwest Census Region
CXU980320LB1103M
New Privately Owned Housing Completions by Purpose of Construction, Built for Sale Total Two or More Units in the Midwest Census Region
COMPPFST2UMMWQ
New Houses Sold by Sales Price Between $400,000 and $499,999 in the Midwest Census Region
NHSMWSP40T49AP
Housing Inventory Estimate: Vacant Housing Units in the Midwest Census Region
EVACANTMWQ176N
Producer Price Index by Commodity: Nonmetallic Mineral Products: Ready-Mix Concrete for Midwest Census Region
WPU13330101B
Citation
U.S. Federal Reserve, Expenditures: Alcoholic Beverages by Region: Residence in the Midwest Census Region (CXUALCBEVGLB1103M), retrieved from FRED.