Contributions to the Chicago Fed Midwest Economy Index: Illinois Contribution: Construction Sector
CONSTILM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-102.60%
Date Range
6/1/1976 - 5/1/2021
Summary
The CONSTILM683SFRBCHI tracks the construction sector's contribution to Illinois' economic performance within the Midwest regional economy. This metric provides insights into regional infrastructure development, investment trends, and economic health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator measures the construction sector's specific impact on Illinois' economic dynamics as part of the broader Midwest Economic Index. Economists use this data to assess regional economic resilience, investment patterns, and potential infrastructure development signals.
Methodology
The data is collected and calculated by the Federal Reserve Bank of Chicago using comprehensive economic surveys, industry reports, and statistical modeling techniques.
Historical Context
Policymakers and investors use this trend to evaluate regional economic conditions, infrastructure investment potential, and construction sector performance.
Key Facts
- Tracks construction sector contributions to Illinois' regional economic performance
- Part of the Chicago Fed's comprehensive economic monitoring system
- Provides granular insights into regional infrastructure and investment trends
FAQs
Q: What does this economic indicator measure?
A: It measures the construction sector's specific contribution to Illinois' economic performance within the Midwest region.
Q: Why is this data important?
A: The indicator helps economists and policymakers understand regional economic trends, infrastructure investment, and sector-specific performance.
Q: How is the data calculated?
A: The Federal Reserve Bank of Chicago uses comprehensive economic surveys, industry reports, and statistical modeling to generate this metric.
Q: Who uses this economic indicator?
A: Policymakers, investors, urban planners, and economic researchers use this data to assess regional economic conditions and potential investment opportunities.
Q: How frequently is this data updated?
A: The data is typically updated periodically, with the frequency depending on the Chicago Fed's reporting schedule and data collection methods.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Midwest Economy Index: Illinois Contribution: Construction Sector [CONSTILM683SFRBCHI], retrieved from FRED.
Last Checked: 8/1/2025