Contributions to the Chicago Fed Midwest Economy Index: Construction Contribution
CONSTRUCTIONM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.04
Year-over-Year Change
-107.16%
Date Range
6/1/1976 - 5/1/2021
Summary
The Chicago Fed Midwest Economy Index's Construction Contribution tracks the economic performance and output of the construction sector 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 industry's direct contribution to the regional economic index, reflecting changes in building activity, infrastructure projects, and related economic momentum. Economists use this trend to assess regional economic resilience, predict potential growth, and understand sectoral performance.
Methodology
The data is compiled by the Federal Reserve Bank of Chicago through comprehensive surveys, economic modeling, and aggregation of construction-related economic indicators.
Historical Context
Policymakers and investors use this index to evaluate regional economic trends, make infrastructure investment decisions, and understand construction sector dynamics.
Key Facts
- Tracks construction sector performance in Midwestern United States
- Provides insights into regional economic health and infrastructure development
- Part of the broader Chicago Fed Midwest Economy Index
FAQs
Q: What regions does this index cover?
A: The index specifically covers the Midwestern United States, including states like Illinois, Indiana, Michigan, Wisconsin, and parts of surrounding states.
Q: How frequently is this data updated?
A: The Chicago Fed Midwest Economy Index is typically updated monthly, providing current insights into regional economic performance.
Q: What types of construction are included?
A: The index encompasses residential, commercial, industrial, and infrastructure construction activities across the Midwestern region.
Q: How do economists use this data?
A: Economists analyze this trend to understand regional economic health, predict potential growth, and assess construction sector performance.
Q: What are the limitations of this index?
A: The index focuses solely on the Midwest region and may not fully represent national construction trends or economic conditions.
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Contributions to the Chicago Fed Midwest Economy Index: Michigan Contribution
MIINDEXM683SFRBCHI
Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Midwest Economy Index: Construction Contribution [CONSTRUCTIONM683SFRBCHI], retrieved from FRED.
Last Checked: 8/1/2025