Expenditures: Apparel, Boys, 2 to 15 by Region: Residence in the Northeast Census Region
CXUBOYSLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.00
Year-over-Year Change
60.00%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures regional expenditures on boys' apparel, ages 2 to 15, for consumers residing in the Northeast Census Region of the United States. It provides insights into consumer spending patterns and regional economic conditions.
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 Region: Residence in the Northeast Census Region metric tracks the average monthly consumer expenditures on clothing for boys aged 2 to 15 years old, specifically for households located in the Northeastern United States. This data is used by economists and policymakers to analyze regional consumption trends and assess the health of the retail sector.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for understanding regional consumer behavior and informing economic policies and market strategies.
Key Facts
- The Northeast Census Region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Boys' apparel accounts for a significant portion of total household clothing expenditures.
- Regional variations in boys' apparel spending can indicate differences in consumer preferences and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly consumer expenditures on apparel for boys aged 2 to 15 years old, specifically for households located in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional consumer spending patterns and the health of the retail sector, which is valuable information for economists, policymakers, and market analysts.
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: This trend is used by economists and policymakers to analyze regional consumption trends and inform economic policies and market strategies.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological limitations of the Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Apparel, Boys, 2 to 15 by Region: Residence in the Northeast Census Region (CXUBOYSLB1102M), retrieved from FRED.