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Contributions to the Chicago Fed Relative Midwest Economy Index: Illinois Contribution: Construction Sector (RCONSTILM683SFRBCHI)

Observation:

May 2021: 0.01734 (+ more)   Updated: Jun 30, 2021
May 2021:  0.01734  
Apr 2021:  -0.01195  
Mar 2021:  0.01089  
Feb 2021:  0.02029  
Jan 2021:  0.03789  
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 Illinois' construction sector to the Relative Midwest Economy Index (RMEI). This series is the weighted average of state variables measuring the growth in nonfarm business activity based on construction sector indicators for the Illinois.

A zero value represents an average contribution to RMEI by the state of Illinois construction sector, a rate historically consistent with the growth of the national economy, whereas positive values indicate above-average relative contribution; and negative values indicate below average relative contribution.

For further information about the Relative 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 Relative Midwest Economy Index: Illinois Contribution: Construction Sector [RCONSTILM683SFRBCHI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RCONSTILM683SFRBCHI, February 28, 2024.

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