Expenditures: Vehicle Rental, Leases, Licenses, and Other Charges by Region: Residence in the West Census Region
CXUVEHRNTLCLB1105M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
851.00
Year-over-Year Change
70.54%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures vehicle rental, leasing, licensing, and other related expenditures by residents in the West Census Region of the United States. It provides insights into consumer demand and spending patterns in the transportation services 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: Vehicle Rental, Leases, Licenses, and Other Charges by Region: Residence in the West Census Region data series tracks monthly consumer spending on various vehicle-related services in the western U.S. states. This metric is useful for analyzing regional variations in transportation costs and preferences.
Methodology
This data is collected through surveys of households in the West Census Region conducted by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists use this trend to monitor consumer behavior and assess the health of the transportation services sector.
Key Facts
- The West Census Region includes 13 U.S. states.
- Vehicle rental and leasing expenditures account for a significant portion of overall consumer spending.
- This metric provides insights into regional differences in transportation preferences and costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer expenditures on vehicle rental, leasing, licensing, and related charges by residents in the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional variations in transportation costs and consumer demand, which is valuable for policymakers and economists analyzing the transportation services sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households in the West Census Region conducted by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor consumer behavior and assess the health of the transportation services sector in the western United States.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the U.S. Bureau of Economic Analysis, which may result in some delay in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Expenditures: Vehicle Rental, Leases, Licenses, and Other Charges by Region: Residence in the West Census Region (CXUVEHRNTLCLB1105M), retrieved from FRED.