Source: Federal Reserve Bank of Chicago
Release: Chicago Fed Midwest Economy Index
This series represents the contributions of Midwest Region's construction sector to the Midwest Economy Index (MEI). The Midwest Region contribution specifically focuses on indicators existing only at a regional level. This series is the weighted average of regional variables measuring the growth in nonfarm business activity based on construction sector indicators for the Midwest.
A zero value represents an average contribution to the MEI by the Midwest Region, whereas a positive value indicates that an above-average contribution to MEI; and negative values indicate below-average contribution to MEI.
For further information about the Midwest Economy Index, go to http://midwest.chicagofedblogs.org/archives/2011/03/mei_by_scott_br.html and http://chicagofed.org/digital_assets/publications/chicago_fed_letter/2010/cflnovember2010_280.pdf.
Federal Reserve Bank of Chicago, Contributions to the Chicago Fed Midwest Economy Index: Midwest Region Contribution: Construction Sector [CONSTRM683SFRBCHI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CONSTRM683SFRBCHI, February 26, 2021.