Expenditures: Apparel, Boys, 2 to 15 by Race: White, Asian, and All Other Races, Not Including Black or African American
CXUBOYSLB0902M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.00
Year-over-Year Change
35.06%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures expenditures on apparel for boys aged 2 to 15 by race, including White, Asian, and all other races excluding Black or African American. It provides insights into consumer spending patterns and demographic differences in the apparel market.
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, Boys, 2 to 15 by Race: White, Asian, and All Other Races, Not Including Black or African American data series tracks monthly consumer expenditures on clothing for young male consumers across different racial groups. This information is valuable for understanding market segmentation and targeting strategies within the apparel industry.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator can inform business decisions, public policy, and consumer research related to the apparel and retail sectors.
Key Facts
- Expenditures on boys' apparel aged 2-15 account for a significant portion of overall family clothing budgets.
- Racial differences in clothing preferences and spending patterns can impact product design, marketing, and inventory management.
- Tracking these expenditure trends is crucial for apparel manufacturers, retailers, and policymakers to understand evolving consumer demands.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer expenditures on apparel for boys aged 2 to 15 across different racial groups, including White, Asian, and all other races excluding Black or African American.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding demographic differences in the apparel market, which can inform business strategies, product development, and public policy decisions related to the retail and consumer goods sectors.
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 economic indicator can provide insights to policymakers, economists, and industry analysts regarding consumer spending patterns, market segmentation, and the overall health of the apparel and retail sectors.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the U.S. Bureau of Labor Statistics, and there may be some delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Expenditures: Apparel, Boys, 2 to 15 by Race: White, Asian, and All Other Races, Not Including Black or African American (CXUBOYSLB0902M), retrieved from FRED.