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Contributions to the Chicago Fed Midwest Economy Index: Consumer Spending Contribution (CONSUMERM683SFRBCHI)

Observation:

May 2019: 0.00525  
Updated: Jun 28, 2019

Units:

Index Standard Deviation,
Seasonally Adjusted

Frequency:

Monthly
1Y | 5Y | 10Y | Max

NOTES

Source: Federal Reserve Bank of Chicago  

Release: Chicago Fed Midwest Economy Index  

Units:  Index Standard Deviation, Seasonally Adjusted

Frequency:  Monthly

Notes:

This series represents the contributions of the consumer spending sector to the Midwest Economy Index (MEI). This series is a weighted average of state and regional indicators encompassing the entirety of the five states in the Seventh Federal Reserve District (Illinois, Iowa, Iowa, Michigan, and Wisconsin).

The series measures the growth in nonfarm business activity in the Midwest Region based on the consumer spending sector.

A zero value represents an average contribution to the MEI by the consumer spending sector, 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 .

Suggested Citation:

Federal Reserve Bank of Chicago, Contributions to the Chicago Fed Midwest Economy Index: Consumer Spending Contribution [CONSUMERM683SFRBCHI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CONSUMERM683SFRBCHI, July 17, 2019.

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