Federal Reserve Economic Data: Your trusted data source since 1991

Contributions to the Chicago Fed Relative Midwest Economy Index: Consumer Spending Contribution (RCONSUMERM683SFRBCHI)

Observation:

May 2021: 0.12443 (+ more)   Updated: Jun 30, 2021
May 2021:  0.12443  
Apr 2021:  0.13787  
Mar 2021:  0.91982  
Feb 2021:  0.16139  
Jan 2021:  0.29132  
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 the consumer spending sector to the Midwest to the Relative Midwest Economy Index (RMEI). 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 RMEI by the Midwest consumer spending 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: Consumer Spending Contribution [RCONSUMERM683SFRBCHI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RCONSUMERM683SFRBCHI, March 5, 2024.

RELEASE TABLES


Subscribe to the FRED newsletter


Follow us

Back to Top
Top