Contributions to the Chicago Fed Midwest Economy Index: Michigan Contribution: Construction Sector
CONSTMIM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.00
Year-over-Year Change
-99.66%
Date Range
6/1/1976 - 5/1/2021
Summary
The Chicago Fed Midwest Economy Index: Michigan Contribution: Construction Sector tracks the economic performance of Michigan's construction industry as part of a broader regional economic assessment. This metric provides insights into regional economic health, investment trends, and potential infrastructure development.
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 contribution to Michigan's regional economic performance within the Midwest. Economists use this data to understand localized economic dynamics, investment patterns, and potential growth indicators for the state's construction industry.
Methodology
The data is collected through comprehensive surveys, economic modeling, and aggregation of construction-related economic activities in Michigan.
Historical Context
Policymakers and investors use this index to assess regional economic trends, make infrastructure investment decisions, and understand Michigan's economic resilience.
Key Facts
- Tracks Michigan's construction sector economic contribution
- Part of the Chicago Fed's broader Midwest Economy Index
- Provides granular insights into regional economic performance
FAQs
Q: What does this economic indicator measure?
A: It measures the economic contribution of Michigan's construction sector to the broader Midwest regional economy.
Q: Why is this index important?
A: The index helps economists and policymakers understand regional economic trends and potential investment opportunities.
Q: How frequently is this data updated?
A: The data is typically updated periodically, allowing for tracking of ongoing economic trends in the construction sector.
Q: How can businesses use this information?
A: Businesses can use this index to assess regional economic health, potential market opportunities, and investment strategies.
Q: What are the limitations of this indicator?
A: The index provides a snapshot of economic performance and should be considered alongside other economic metrics for comprehensive analysis.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Midwest Economy Index: Michigan Contribution: Construction Sector [CONSTMIM683SFRBCHI], retrieved from FRED.
Last Checked: 8/1/2025