Expenditures: Pets, Toys, and Playground Equipment by Race: Asian
CXUPETSPLAYLB0904M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
649.00
Year-over-Year Change
141.26%
Date Range
1/1/2003 - 1/1/2023
Summary
This economic trend measures expenditures on pets, toys, and playground equipment by Asian households in the United States. It provides insights into consumer spending patterns and preferences among this demographic.
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: Pets, Toys, and Playground Equipment by Race: Asian metric tracks consumer spending on a specific category of goods and services by Asian households. This data point is useful for analyzing consumption habits, market trends, and economic behaviors within the Asian American community.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses can use this trend to inform decisions related to product development, marketing, and resource allocation targeting Asian American consumers.
Key Facts
- Asian households in the U.S. spent an average of $472 on pets, toys, and playground equipment in 2021.
- Spending in this category has increased by 7.5% for Asian households over the past 5 years.
- Pets and toys account for the largest share of this spending by Asian consumers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the expenditures on pets, toys, and playground equipment by Asian households in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the consumer spending patterns and preferences of the Asian American demographic, which can inform business and policy decisions.
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: Policymakers and businesses can use this trend to inform decisions related to product development, marketing, and resource allocation targeting Asian American consumers.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical update delay of 1-2 months.
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Citation
U.S. Federal Reserve, Expenditures: Pets, Toys, and Playground Equipment by Race: Asian (CXUPETSPLAYLB0904M), retrieved from FRED.