Federal Reserve Economic Data

Contributions to the Chicago Fed Midwest Economy Index: Michigan Contribution (MIINDEXM683SFRBCHI)

Observation:

May 2021: 0.09530 (+ more)   Updated: Jun 30, 2021 7:36 AM CDT
May 2021:  0.09530  
Apr 2021:  0.11699  
Mar 2021:  0.10316  
Feb 2021:  0.01592  
Jan 2021:  0.02605  
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 to the Midwest Economy Index (MEI). This series is the weighted average of state variables measuring the growth in nonfarm business activity based on indicators of four broad sectors of the Michigan's economy: 1) manufacturing, 2) construction and mining, 3) services, and 4) consumer spending.

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 [MIINDEXM683SFRBCHI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MIINDEXM683SFRBCHI, .

RELEASE TABLES


Subscribe to the FRED newsletter


Follow us

Back to Top