Contributions to the Chicago Fed Midwest Economy Index: Midwest Region Contribution: Construction Sector
CONSTRM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-92.66%
Date Range
6/1/1976 - 5/1/2021
Summary
The Chicago Fed Midwest Economy Index's Construction Sector contribution tracks the economic performance and output of construction activities in the Midwestern United States. This metric provides critical insights into regional economic health, infrastructure development, and potential investment opportunities.
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 direct contributions to the regional economy, reflecting changes in building activity, infrastructure projects, and related economic momentum. Economists use this data to assess regional economic trends, predict potential growth, and understand sectoral performance.
Methodology
The data is collected through comprehensive surveys, economic modeling, and aggregation of construction-related economic indicators from multiple sources within the Midwest region.
Historical Context
Policymakers and investors use this index to make informed decisions about regional economic development, infrastructure investments, and potential economic stimulus strategies.
Key Facts
- Tracks construction sector performance in the Midwestern United States
- Provides insights into regional economic momentum
- Used by economists and policymakers for strategic decision-making
FAQs
Q: What regions are included in the Midwest for this index?
A: The Midwest region typically includes states like Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Ohio, and Wisconsin.
Q: How frequently is this index updated?
A: The Chicago Fed Midwest Economy Index is typically updated monthly, providing current economic insights.
Q: What types of construction are included in this metric?
A: The index encompasses residential, commercial, industrial, and infrastructure construction activities.
Q: How does this index relate to broader economic trends?
A: The construction sector is a leading indicator of economic health, reflecting investment, employment, and potential future economic growth.
Q: What are the limitations of this economic indicator?
A: While valuable, the index represents a snapshot of regional 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: Midwest Region Contribution: Construction Sector [CONSTRM683SFRBCHI], retrieved from FRED.
Last Checked: 8/1/2025