Contributions to the Chicago Fed Midwest Economy Index: Midwest Region Contribution: Consumer Spending Sector
CONSURM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.02
Year-over-Year Change
-127.29%
Date Range
6/1/1976 - 5/1/2021
Summary
The Chicago Fed Midwest Economy Index's Consumer Spending Sector tracks economic activity and consumer expenditure trends in the Midwestern United States. This metric provides critical insights into regional economic performance and consumer behavior.
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 the overall economic activity in the Midwest region. Economists use this data to understand regional consumption patterns, economic health, and potential shifts in consumer confidence.
Methodology
The index is calculated using a composite of various economic indicators related to consumer spending, tracked and analyzed by the Federal Reserve Bank of Chicago.
Historical Context
Policymakers and financial analysts use this index to assess regional economic trends, inform monetary policy decisions, and predict potential economic shifts.
Key Facts
- Focuses specifically on the Midwestern United States region
- Part of a comprehensive economic tracking system
- Provides granular insights into consumer economic activity
FAQs
Q: What regions are included in the Midwest for this index?
A: The Midwest region typically includes states like Illinois, Indiana, Michigan, Wisconsin, Iowa, and parts of Ohio and Missouri.
Q: How frequently is this index updated?
A: The Chicago Fed Midwest Economy Index is typically updated monthly, providing current economic insights.
Q: Why is consumer spending important for economic analysis?
A: Consumer spending represents approximately 70% of U.S. economic activity and serves as a critical indicator of economic health and potential growth.
Q: How can businesses use this index?
A: Companies can use this index to understand regional consumer trends, inform market strategies, and assess potential economic opportunities.
Q: What are the limitations of this economic indicator?
A: While valuable, the index represents a snapshot of economic activity 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: Consumer Spending Sector [CONSURM683SFRBCHI], retrieved from FRED.
Last Checked: 8/1/2025