Contributions to the Chicago Fed Midwest Economy Index: Consumer Spending Contribution
CONSUMERM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.11
Year-over-Year Change
-104.79%
Date Range
6/1/1976 - 5/1/2021
Summary
Tracks consumer spending contribution to the Midwest regional economic performance. Provides critical insight into regional economic health and consumer economic activity.
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
Measures the specific impact of consumer spending on the Midwest economic index. Helps economists understand regional consumption patterns and economic trends.
Methodology
Calculated by Chicago Federal Reserve using comprehensive consumer spending data.
Historical Context
Used by policymakers to assess regional economic dynamics and consumer behavior.
Key Facts
- Tracks consumer economic contributions in Midwest region
- Part of comprehensive Chicago Fed economic monitoring
- Reflects regional consumption patterns
FAQs
Q: What does the Midwest Economy Index measure?
A: Tracks economic activity across multiple sectors in the Midwestern United States. Provides comprehensive regional economic performance insights.
Q: How is consumer spending calculated in this index?
A: Uses comprehensive data collection from various consumer spending sources. Aggregates economic indicators to assess regional consumption.
Q: Why is regional consumer spending important?
A: Indicates economic health, consumer confidence, and potential future economic trends. Helps predict broader economic movements.
Q: How often is this index updated?
A: Typically updated monthly by the Chicago Federal Reserve. Provides current snapshot of regional economic activity.
Q: Can this index predict economic changes?
A: Serves as leading indicator of regional economic performance. Helps economists and policymakers anticipate economic shifts.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Midwest Economy Index: Consumer Spending Contribution (CONSUMERM683SFRBCHI), retrieved from FRED.