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Contributions to the Chicago Fed Relative Midwest Economy Index: Wisconsin Contribution (RWIINDEXM683SFRBCHI)

Observation:

Sep 2018: 0.00408  
Updated: Oct 31, 2018

Units:

Index Standard Deviation,
Seasonally Adjusted

Frequency:

Monthly
1Y | 5Y | 10Y | Max
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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 Wisconsin 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 Wisconsin's 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 Wisconsin, 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: Wisconsin Contribution [RWIINDEXM683SFRBCHI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RWIINDEXM683SFRBCHI, November 14, 2018.

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