Expenditures: Pork by Region: Residence in the Northeast Census Region
CXUPORKLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
243.00
Year-over-Year Change
59.87%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures pork expenditures by consumers residing in the Northeastern United States. It provides valuable insights into regional consumer preferences and spending patterns within the pork industry.
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: Pork by Region: Residence in the Northeast Census Region' series tracks monthly pork expenditures made by households located in the Northeastern states. This data helps economists and industry analysts understand regional variations in pork consumption and can inform business and policy decisions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is widely used by pork producers, distributors, and policymakers to gauge consumer demand and inform marketing strategies in the Northeastern U.S. region.
Key Facts
- Pork is a major protein source in the Northeastern U.S.
- Monthly pork expenditures in the Northeast have averaged $X over the past 5 years.
- Seasonal fluctuations in pork spending are observed in the Northeast region.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly pork expenditures by consumers residing in the Northeastern United States Census region.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into regional variations in pork consumption patterns, which can inform business strategies and policy decisions for producers, retailers, and policymakers.
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: This metric is widely used by pork industry stakeholders and policymakers to gauge consumer demand and inform marketing strategies in the Northeastern U.S. region.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but may be subject to revisions due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Expenditures: Pork by Region: Residence in the Northeast Census Region (CXUPORKLB1102M), retrieved from FRED.