Expenditures: Pets, Toys, and Playground Equipment by Region: Residence in the Midwest Census Region
CXUPETSPLAYLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,330.00
Year-over-Year Change
116.97%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures consumer spending on pets, toys, and playground equipment in the Midwest region of the United States. It provides insights into household consumption patterns and regional economic activity.
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 Region: Residence in the Midwest Census Region series tracks monthly changes in consumer spending on these products in the Midwest. It is a key indicator of discretionary household spending and can signal shifts in consumer confidence and regional economic conditions.
Methodology
The data is collected through surveys of households in the Midwest region by the U.S. Census Bureau.
Historical Context
This trend is used by economists and policymakers to analyze consumer behavior and regional economic trends.
Key Facts
- Spending on pets, toys, and playground equipment accounts for a significant portion of household budgets.
- The Midwest region is home to over 60 million people, making it an important economic indicator.
- Fluctuations in this trend can signal changes in consumer confidence and discretionary income.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer spending on pets, toys, and playground equipment in the Midwest region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into household consumption patterns and regional economic activity, which are important for understanding consumer behavior and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households in the Midwest region by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze consumer behavior and regional economic trends, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical delay of several weeks between the reference period and the release date.
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Citation
U.S. Federal Reserve, Expenditures: Pets, Toys, and Playground Equipment by Region: Residence in the Midwest Census Region (CXUPETSPLAYLB1103M), retrieved from FRED.