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Contributions to the Chicago Fed Midwest Economy Index: Michigan Contribution: Consumer Spending Sector (CONSUMIM683SFRBCHI)

Observation:

May 2021: 0.01519 (+ more)   Updated: Jun 30, 2021
May 2021:  0.01519  
Apr 2021:  0.02702  
Mar 2021:  0.04817  
Feb 2021:  0.02633  
Jan 2021:  0.01596  
View All

Units:

Index Standard Deviation,
Seasonally Adjusted

Frequency:

Monthly

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 Michigan's consumer spending sector to the Midwest Economy Index (MEI). This series is the weighted average of state variables measuring the growth in nonfarm business activity based on consumer spending sector indicators for the Michigan.

A zero value represents an average contribution to the MEI by the state of Michigan, 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: Michigan Contribution: Consumer Spending Sector [CONSUMIM683SFRBCHI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CONSUMIM683SFRBCHI, March 5, 2024.

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