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Contributions to the Chicago Fed Relative Midwest Economy Index: Services Contribution (RSERVICESM683SFRBCHI)


May 2021: -0.12867 (+ more)   Updated: Jun 30, 2021
May 2021:  -0.12867  
Apr 2021:  -0.12450  
Mar 2021:  0.35256  
Feb 2021:  -0.05553  
Jan 2021:  -0.01942  
View All


Index Standard Deviation,
Seasonally Adjusted




Source: Federal Reserve Bank of Chicago  

Release: Chicago Fed Midwest Economy Index  

Units:  Index Standard Deviation, Seasonally Adjusted

Frequency:  Monthly


This series represents the contributions of the services 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 services sector.

A zero value represents an average contribution to RMEI by the Midwest services 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: Services Contribution [RSERVICESM683SFRBCHI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RSERVICESM683SFRBCHI, March 3, 2024.


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