Expenditures: Household Furnishings and Equipment by Region: Residence in the Midwest Census Region
CXUHHFURNSHLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,442.00
Year-over-Year Change
68.30%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic indicator tracks household expenditures on furnishings and equipment in the Midwest 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: Household Furnishings and Equipment by Region: Residence in the Midwest Census Region series measures consumer outlays on items like furniture, appliances, and other home goods in the Midwest region. This data is used by economists and policymakers to analyze regional consumption trends and their impact on the broader economy.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This indicator helps inform monetary and fiscal policy decisions by providing a window into consumer demand and spending behavior in the Midwest.
Key Facts
- The Midwest accounts for approximately 22% of total U.S. household expenditures.
- Furnishings and equipment spending makes up about 5% of total household consumption in the Midwest.
- Household furnishings and equipment expenditures tend to be cyclical, reflecting changes in consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks consumer spending on household furnishings and equipment in the Midwest census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into regional consumption patterns and consumer demand, which are important factors for economic policymakers and analysts.
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 indicator helps inform monetary and fiscal policy decisions by providing a window into consumer demand and spending behavior in the Midwest region.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Expenditures: Household Furnishings and Equipment by Region: Residence in the Midwest Census Region (CXUHHFURNSHLB1103M), retrieved from FRED.