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Contributions to the Chicago Fed Relative Midwest Economy Index: Michigan Contribution: Manufacturing Sector (RMANUMIM683SFRBCHI)

Observation:

May 2021: -0.01718  
Updated: Jun 30, 2021

Units:

Index Standard Deviation,
Seasonally Adjusted

Frequency:

Monthly
1Y | 5Y | 10Y | Max

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 manufacturing 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 manufacturing sector indicators for the Michigan.

A zero value represents an average contribution to RMEI by the state of Michigan manufacturing 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: Michigan Contribution: Manufacturing Sector [RMANUMIM683SFRBCHI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RMANUMIM683SFRBCHI, October 24, 2021.

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