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Contributions to the Chicago Fed Relative Midwest Economy Index: Illinois Contribution (RILINDEXM683SFRBCHI)

Observation:

May 2021: 0.43885 (+ more)   Updated: Jun 30, 2021
May 2021:  0.43885  
Apr 2021:  0.27548  
Mar 2021:  0.57669  
Feb 2021:  0.12233  
Jan 2021:  0.10381  
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 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 indicators of four broad sectors of the Illinois' economy: 1) manufacturing, 2) construction and mining, 3) services, and 4) consumer spending.

A zero value represents an average contribution to RMEI by the state of Illinois, 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 [RILINDEXM683SFRBCHI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RILINDEXM683SFRBCHI, March 1, 2024.

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