Contributions to the Chicago Fed Midwest Economy Index: Illinois Contribution
ILINDEXM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.30
Year-over-Year Change
-118.98%
Date Range
6/1/1976 - 5/1/2021
Summary
The Chicago Fed Midwest Economy Index tracks economic performance for Illinois. It provides crucial insights into regional economic health and development 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 index measures economic activity across multiple sectors in Illinois, including production, employment, and income indicators. It helps economists understand regional economic dynamics.
Methodology
Data is collected from multiple economic indicators and compiled by the Chicago Federal Reserve.
Historical Context
Used by policymakers and investors to assess regional economic performance and potential.
Key Facts
- Tracks multiple economic sectors in Illinois
- Provides quarterly regional economic insights
- Developed by Chicago Federal Reserve
FAQs
Q: What does the Midwest Economy Index measure?
A: It measures economic activity across production, employment, and income sectors in Illinois and surrounding regions.
Q: How often is the index updated?
A: The index is typically updated on a quarterly basis by the Chicago Federal Reserve.
Q: Why is this index important?
A: It provides critical insights into regional economic performance and potential future trends.
Q: Can businesses use this index for planning?
A: Yes, businesses can use the index to understand regional economic conditions and potential opportunities.
Q: What sectors are included in the index?
A: The index incorporates manufacturing, services, employment, and income-related economic indicators.
Related News
Gen Z In the U.S. Shifts From Spending To Saving Habits
How Gen Z's Shift from Spending to Saving is Impacting the US Economy Recent trends indicate a significant shift in the spending habits of Gen Z, w...
U.S. Treasury Yields Decline After Inflation Data Meet Expectations
US Treasury Yields Drop as Inflation Data Meets Expectations US Treasury yields have seen a noticeable decline recently, as the latest inflation da...
S&P 500 Rises With Optimistic U.S. Inflation Report
S&P 500 Soars: Positive U.S. Inflation Developments The S&P 500, a primary stock index that tracks the performance of 500 major U.S. companies, has...
U.S. Stock Market Futures Rise On Inflation and Tariff News
US Stock Market Futures Rise Amid Inflation Data and Tariff News US stock market futures are on the rise, driven by significant updates in inflatio...
U.S. Stock Market Rises Amid PCE Inflation Report Analysis
U.S. Stock Market Climbs Amidst Insights from PCE Inflation Report Investors in the U.S. stock market are focusing on the most recent PCE Inflation...
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures...
Related Trends
Quarterly Financial Report: U.S. Corporations: Electrical Equipment, Appliances, and Components: Total Assets
QFR223335USNO
Quarterly Financial Report: U.S. Corporations: All Retail Trade: Net Property, Plant, and Equipment
QFR219RETUSNO
Quarterly Financial Report: U.S. Corporations: Computer Systems Design and Related Services: Cash and Demand Deposits in the U.S.
QFR201545USNO
Quarterly Financial Report: U.S. Corporations: Beverage and Tobacco Products: Time Deposits in the U.S., Including Negotiable Certificates of Deposit
QFR202312USNO
Quarterly Financial Report: U.S. Corporations: All Other Retail Trade: Depreciation, Depletion, and Amortization of Property, Plant, and Equipment
QFR102OTRUSNO
Quarterly Financial Report: U.S. Corporations: Computer Systems Design and Related Services: Net Property, Plant, and Equipment
QFR219545USNO
Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Midwest Economy Index: Illinois Contribution (ILINDEXM683SFRBCHI), retrieved from FRED.