Expenditures: Fish and Seafood by Region: Residence in the Midwest Census Region
CXUFISHSEALB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
161.00
Year-over-Year Change
76.92%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures expenditures on fish and seafood by consumers residing in the Midwest census region of the United States. It provides insights into regional consumption patterns and consumer preferences.
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: Fish and Seafood by Region: Residence in the Midwest Census Region' trend tracks monthly consumer spending on fish and seafood products in the Midwestern states. This data is useful for analyzing regional consumer demand and informing business and policy decisions.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for industries, policymakers, and economists analyzing regional consumer behavior and food consumption patterns.
Key Facts
- The Midwest region includes 12 states, including Illinois, Ohio, and Minnesota.
- Fish and seafood account for approximately 1% of total consumer expenditures in the Midwest.
- Monthly expenditures on fish and seafood in the Midwest have remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer expenditures on fish and seafood products by 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 preferences, which is valuable for businesses, policymakers, and economists analyzing food demand and consumer behavior.
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 can inform policymakers and industry stakeholders about regional consumer trends and preferences, which can guide business strategies, product development, and policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly, but there may be a delay of several weeks between the end of the reference period and the public release of the data.
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Citation
U.S. Federal Reserve, Expenditures: Fish and Seafood by Region: Residence in the Midwest Census Region (CXUFISHSEALB1103M), retrieved from FRED.