Expenditures: Apparel, Children Under 2 by Region: Residence in the Midwest Census Region
CXUINFANTLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.00
Year-over-Year Change
63.33%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures expenditures on apparel for children under 2 years old living in the Midwest census region of the United States. It provides insights into consumer spending patterns and regional variations in 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: Apparel, Children Under 2 by Region: Residence in the Midwest Census Region data series tracks monthly consumer expenditures on clothing and accessories for infants and toddlers in households located in the Midwest region. This metric is used by economists and policymakers to analyze regional differences in household consumption and the impact of economic conditions on family budgets.
Methodology
The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding regional consumer behavior and informing fiscal and monetary policies.
Key Facts
- The Midwest region accounts for approximately 21% of the total U.S. population.
- Expenditures on children's apparel are typically a small but important part of household budgets.
- Consumer spending patterns can vary significantly across different geographic regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer expenditures on apparel and accessories for children under 2 years old living in households located in the Midwest census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into regional variations in household budgets and consumer spending patterns, 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 Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator is relevant for understanding regional consumer behavior and informing fiscal and monetary policies that can impact household budgets and spending.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a lag of several weeks between the reference period and the data release.
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Citation
U.S. Federal Reserve, Expenditures: Apparel, Children Under 2 by Region: Residence in the Midwest Census Region (CXUINFANTLB1103M), retrieved from FRED.