Contributions to the Chicago Fed Midwest Economy Index: Indiana Contribution: Consumer Spending Sector
CONSUINM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.01
Year-over-Year Change
-97.70%
Date Range
6/1/1976 - 5/1/2021
Summary
The Chicago Fed Midwest Economy Index: Indiana Contribution: Consumer Spending Sector tracks the economic performance of Indiana's consumer spending activities. This metric provides insights into regional economic health and consumer behavior trends.
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 contribution of consumer spending to Indiana's economic performance within the Midwest region. Economists use this data to understand localized consumption patterns and their potential implications for broader economic dynamics.
Methodology
The data is collected through comprehensive surveys, economic transactions tracking, and statistical modeling by the Federal Reserve Bank of Chicago.
Historical Context
Policymakers and investors use this index to assess regional economic conditions, inform economic forecasting, and develop targeted economic strategies.
Key Facts
- Focuses specifically on Indiana's consumer spending sector
- Part of the broader Chicago Fed Midwest Economy Index
- Provides granular insights into regional economic performance
FAQs
Q: What does this economic indicator measure?
A: It tracks the contribution of consumer spending to Indiana's economic performance within the Midwest region. The metric helps understand local consumption patterns and economic health.
Q: Why is this index important?
A: The index provides detailed insights into regional economic trends, helping policymakers and investors understand localized economic conditions and potential broader implications.
Q: How is the data collected?
A: The Federal Reserve Bank of Chicago uses comprehensive surveys, economic transaction tracking, and advanced statistical modeling to compile this economic indicator.
Q: How can businesses use this information?
A: Businesses can leverage this data to understand regional consumer behavior, make informed investment decisions, and develop targeted marketing and expansion strategies.
Q: How frequently is this index updated?
A: The Chicago Fed typically updates regional economic indices periodically, with most indicators refreshed monthly or quarterly to provide current economic insights.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Midwest Economy Index: Indiana Contribution: Consumer Spending Sector [CONSUINM683SFRBCHI], retrieved from FRED.
Last Checked: 8/1/2025