Expenditures: Footwear by Race: White and All Other Races, Not Including Black or African American
CXUFOOTWEARLB0903M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
440.00
Year-over-Year Change
46.18%
Date Range
1/1/2003 - 1/1/2023
Summary
This economic trend measures expenditures on footwear by individuals who identify as White or of 'All Other Races' excluding Black or African American. It provides insights into consumer spending patterns and household budgets.
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: Footwear by Race' series tracks monthly consumer spending on footwear for different racial groups in the United States. It is a useful indicator of consumer demand, purchasing power, and economic conditions across diverse populations.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is used by economists, policymakers, and businesses to analyze market trends and make informed decisions.
Key Facts
- The data is reported on a monthly basis.
- Footwear accounts for a significant portion of household budgets.
- Spending patterns vary across different racial groups in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer expenditures on footwear for individuals who identify as White or of 'All Other Races' (excluding Black or African American) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer spending patterns and purchasing power across different racial demographics, which is crucial for understanding market trends, consumer behavior, and economic conditions.
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, policymakers, and businesses to analyze market trends, make informed decisions, and develop strategies that cater to the diverse consumer base in the United States.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, but there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Expenditures: Footwear by Race: White and All Other Races, Not Including Black or African American (CXUFOOTWEARLB0903M), retrieved from FRED.