Expenditures: Other Meats by Region: Residence in the Midwest Census Region
CXUOTHRMEATLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.00
Year-over-Year Change
4.26%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures expenditures on other meats (excluding beef, pork, poultry) by households residing in the Midwest Census Region of the United States. It provides insights into regional consumer demand and spending patterns for various meat products.
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 Meats by Region: Residence in the Midwest Census Region data series tracks household spending on meat products besides beef, pork, and poultry in the Midwest region. This metric is useful for analyzing regional consumer preferences and the relative importance of different meat categories within a specific geographical area.
Methodology
The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator helps inform policy decisions and market analysis related to the meat and livestock industry.
Key Facts
- Midwest households spend an average of $X per year on other meats.
- Other meat expenditures account for Y% of total meat spending in the Midwest.
- Demand for other meats in the Midwest has increased/decreased by Z% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures household expenditures on meat products besides beef, pork, and poultry by consumers residing 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 consumer preferences and spending patterns for different meat categories, which is valuable for industry analysis, policy decisions, and market strategies.
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 indicator helps inform policy decisions and market analysis related to the meat and livestock industry, particularly at the regional level.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a 1-2 month delay in the most recent figures being available.
Related Trends
New Privately Owned Housing Starts by Purpose of Construction, Owner-Built One-Family Units in the Midwest Census Region
HOUSTOB1FMWQ
Expenditures: Personal Care Products and Services by Region: Residence in the Midwest Census Region
CXUPERSCARELB1103M
Net Change in Total Liabilities by Region: Residence in the Midwest Census Region
CXUCHGLIABLB1103M
New Privately Owned Housing Completions by Design Type, Attached One-Family Units in the Midwest Census Region
COMPDTA1FMWQ
Expenditures: Fish and Seafood by Region: Residence in the Midwest Census Region
CXUFISHSEALB1103M
New One Family Houses for Sale for the Midwest Census Region
HNFSMW
Citation
U.S. Federal Reserve, Expenditures: Other Meats by Region: Residence in the Midwest Census Region (CXUOTHRMEATLB1103M), retrieved from FRED.