Expenditures: Miscellaneous Expenditures by Region: Residence in the Midwest Census Region
CXUMISCLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,051.00
Year-over-Year Change
37.57%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures miscellaneous expenditures by households residing in the Midwest Census Region of the United States. It provides insights into consumer spending patterns in this geographic area.
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 Miscellaneous Expenditures by Region: Residence in the Midwest Census Region metric tracks a broad category of household spending outside of major categories like food, housing, and transportation. This data is useful for analyzing regional consumption trends and informing economic and policy decisions.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This metric is used by economists, policymakers, and market analysts to monitor consumer behavior and regional economic conditions.
Key Facts
- The Midwest Census Region includes 12 states in the central United States.
- Miscellaneous expenditures account for around 5% of total household spending in the Midwest.
- This metric is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures miscellaneous household expenditures, which include spending on items outside of major categories like food, housing, and transportation, for residents of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer behavior and regional economic conditions in the Midwest, which is useful for economists, policymakers, and market analysts.
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 metric is used by economists and policymakers to monitor consumer spending patterns and regional economic trends, which can inform policy decisions.
Q: Are there update delays or limitations?
A: This metric is released monthly by the U.S. Bureau of Labor Statistics, with a typical release delay of approximately one month.
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Citation
U.S. Federal Reserve, Expenditures: Miscellaneous Expenditures by Region: Residence in the Midwest Census Region (CXUMISCLB1103M), retrieved from FRED.