Expenditures: Apparel, Men and Boys by Type of Area: Rural
CXUMENBOYSLB1805M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
178.00
Year-over-Year Change
-54.94%
Date Range
1/1/1984 - 1/1/2020
Summary
This economic trend measures men's and boys' apparel expenditures in rural areas of the United States. It provides insights into consumer demand and spending patterns for a key component of the retail sector.
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, Men and Boys by Type of Area: Rural' series tracks consumer spending on men's and boys' clothing and accessories in non-metropolitan regions. This data is useful for analyzing regional variations in consumer behavior and informing business strategies.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is relevant for retailers, economists, and policymakers assessing regional economic conditions and consumer trends.
Key Facts
- Covers men's and boys' clothing, footwear, and accessories.
- Data available monthly since 1998.
- Measured in billions of U.S. dollars.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer expenditures on men's and boys' apparel, including clothing, footwear, and accessories, in rural areas of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into regional consumer demand and spending patterns, which is valuable for retailers, economists, and policymakers assessing the state of the economy and consumer markets.
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 metric is used by economists and policymakers to monitor regional economic conditions and consumer trends, which can inform business strategies and public policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays. However, as with any survey-based data, there may be limitations in sample size and regional coverage.
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Citation
U.S. Federal Reserve, Expenditures: Apparel, Men and Boys by Type of Area: Rural (CXUMENBOYSLB1805M), retrieved from FRED.