Expenditures: Pets, Toys, and Playground Equipment by Type of Area: Urban
CXUPETSPLAYLB1802M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
786.00
Year-over-Year Change
13.26%
Date Range
1/1/1984 - 1/1/2020
Summary
This economic trend measures spending on pets, toys, and playground equipment in urban areas. It provides insights into consumer behavior and demand for these products in metropolitan settings.
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 Type of Area: Urban series tracks consumer spending on a variety of recreation and entertainment products in cities. This data is used by economists and policymakers to analyze urban consumer trends and the performance of related industries.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This economic indicator helps inform decisions around urban planning, retail strategies, and consumer product development.
Key Facts
- Spending on pets, toys, and playground equipment accounts for a significant portion of urban consumer budgets.
- This trend has shown steady growth over the past decade, reflecting a shift in urban lifestyle preferences.
- Urban areas typically exhibit higher per capita spending on these products compared to rural or suburban locations.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on pets, toys, and playground equipment in urban areas. It provides insights into demand for these products in metropolitan settings.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding urban consumer behavior and can inform decision-making around product development, retail strategies, and urban planning.
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 indicator can help inform policies and investments related to urban infrastructure, retail development, and consumer product markets.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the underlying Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Pets, Toys, and Playground Equipment by Type of Area: Urban (CXUPETSPLAYLB1802M), retrieved from FRED.