Expenditures: Major Appliances by Region: Residence in the Northeast Census Region
CXUMAJAPPLLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
383.00
Year-over-Year Change
108.15%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures consumer expenditures on major appliances by individuals residing in the Northeast Census Region of the United States. It provides insights into regional consumer behavior and economic activity.
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: Major Appliances by Region: Residence in the Northeast Census Region series tracks monthly household spending on major home appliances, such as refrigerators, ovens, and washing machines, by consumers living in the Northeastern United States. This data is used by economists and policymakers to analyze regional consumer trends and gauge the health of the appliance industry.
Methodology
The data is collected through consumer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding consumer demand and regional economic conditions.
Key Facts
- The Northeast Census Region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Major appliances account for a significant portion of household durable goods spending.
- Regional consumer trends can vary widely due to differences in income, demographics, and other factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer expenditures on major home appliances, such as refrigerators, ovens, and washing machines, by individuals residing in the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional consumer behavior and economic activity, which is useful for economists, policymakers, and industry analysts to understand market conditions and trends.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze regional consumer demand and gauge the health of the appliance industry, which can inform economic policies and forecasting.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a delay of several weeks between the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Expenditures: Major Appliances by Region: Residence in the Northeast Census Region (CXUMAJAPPLLB1102M), retrieved from FRED.