Expenditures: Apparel and Services by Composition of Consumer Unit: Total Married Couple with Children Consumer Units
CXUAPPARELLB0604M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,031.00
Year-over-Year Change
19.28%
Date Range
1/1/1988 - 1/1/2023
Summary
This trend measures total apparel and services expenditures for married couple consumer units with children. It provides insights into household consumer behavior and 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 and Services by Composition of Consumer Unit: Total Married Couple with Children Consumer Units trend tracks household spending on clothing, footwear, and related services. It is a key indicator of consumer demand and economic activity.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This metric is widely used by economists, policymakers, and market analysts to assess consumer trends and the broader economic environment.
Key Facts
- Apparel and services account for about 3% of total household expenditures.
- Married couples with children spend more on apparel than other household types.
- This metric has declined during economic downturns and recovered during expansions.
FAQs
Q: What does this economic trend measure?
A: This trend measures total expenditures on apparel and related services for married couple consumer units with children.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and household spending patterns, which are important indicators of economic health and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess consumer behavior and its implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but may be subject to revisions and lags in reporting.
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Citation
U.S. Federal Reserve, Expenditures: Apparel and Services by Composition of Consumer Unit: Total Married Couple with Children Consumer Units (CXUAPPARELLB0604M), retrieved from FRED.