Expenditures: Vehicle Purchases (Net Outlay) by Occupation: Wage and Salary Earners: Construction Workers and Mechanics
CXUVEHPURCHLB1207M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,842.00
Year-over-Year Change
265.08%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the net vehicle purchase outlays by construction workers and mechanics, providing insights into the spending habits and economic conditions of this occupational group.
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: Vehicle Purchases (Net Outlay) by Occupation: Wage and Salary Earners: Construction Workers and Mechanics series tracks the net vehicle purchases made by workers in the construction and mechanic industries. This data is used by economists and policymakers to assess the financial health and consumer confidence of these key sectors.
Methodology
The data is collected through surveys of households and businesses.
Historical Context
This trend is closely monitored by economists and policymakers to understand consumer spending patterns and the overall state of the economy.
Key Facts
- Construction workers and mechanics are a key economic indicator group.
- Vehicle purchases account for a significant portion of discretionary spending.
- Trends in this data can signal changes in the broader economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net vehicle purchases made by construction workers and mechanics, providing insights into the spending habits and financial conditions of these occupational groups.
Q: Why is this trend relevant for users or analysts?
A: This data is closely watched by economists and policymakers as it offers valuable insights into consumer confidence and spending patterns in key sectors of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses.
Q: How is this trend used in economic policy?
A: Trends in this data are used by economists and policymakers to assess the overall state of the economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential limitations of household and business survey data.
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Citation
U.S. Federal Reserve, Expenditures: Vehicle Purchases (Net Outlay) by Occupation: Wage and Salary Earners: Construction Workers and Mechanics (CXUVEHPURCHLB1207M), retrieved from FRED.