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Contributions to the Chicago Fed Midwest Economy Index: Michigan Contribution: Services Sector (SERVMIM683SFRBCHI)

Observation:

Jul 2020: -0.46082  
Updated: Aug 31, 2020

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 services sector to the Midwest Economy Index (MEI). This series is the weighted average of state variables measuring the growth in nonfarm business activity based on services sector indicators for the Michigan.

A zero value represents an average contribution to the MEI by the state of Michigan, whereas a positive value indicates that an above-average contribution to MEI; and negative values indicate below-average contribution to MEI.

For further information about the 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 Midwest Economy Index: Michigan Contribution: Services Sector [SERVMIM683SFRBCHI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/SERVMIM683SFRBCHI, September 25, 2020.

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