Expenditures: Other Apparel Products and Services by Region: Residence in the Midwest Census Region
CXUOTHAPPRLLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
215.00
Year-over-Year Change
20.11%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures consumer expenditures on other apparel products and services by households residing in the Midwest region of the United States. It provides insights into apparel-related consumer demand and 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 'Expenditures: Other Apparel Products and Services by Region: Residence in the Midwest Census Region' trend represents monthly data on consumer spending for apparel items and services in the Midwest, excluding clothing and footwear. This metric is a key indicator of regional consumer behavior and can inform business and policy decisions.
Methodology
The data is collected through consumer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is used by businesses, economists, and policymakers to analyze regional consumer trends and inform decisions around product development, marketing, and economic policy.
Key Facts
- The Midwest region includes 12 states in the central United States.
- Consumer spending on other apparel products and services makes up a significant portion of total household expenditures.
- This trend data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer expenditures on apparel products and services, excluding clothing and footwear, by households residing in the Midwest region 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 for the apparel industry, which can inform business and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator is used by businesses, economists, and policymakers to analyze regional consumer trends and inform decisions around product development, marketing, and economic policy.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with some potential for minor delays in publication.
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Other Financial Information: Estimated Monthly Rental Value of Owned Home by Region: Residence in the Midwest Census Region
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New Privately-Owned Housing Units Under Construction: Single-Family Units in the Midwest Census Region
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Citation
U.S. Federal Reserve, Expenditures: Other Apparel Products and Services by Region: Residence in the Midwest Census Region (CXUOTHAPPRLLB1103M), retrieved from FRED.