Contributions to the Chicago Fed Midwest Economy Index: Indiana Contribution
ININDEXM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.02
Year-over-Year Change
-99.01%
Date Range
6/1/1976 - 5/1/2021
Summary
The Contributions to the Chicago Fed Midwest Economy Index for Indiana tracks the state's economic performance relative to the broader Midwest region. This metric provides insights into Indiana's economic health and its contribution to regional economic dynamics.
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 Indiana's specific economic contributions across various sectors, including manufacturing, employment, and production. Economists use this index to understand the state's economic performance and its role in the Midwestern economic landscape.
Methodology
The index is calculated by the Chicago Federal Reserve Bank using a composite of economic indicators and statistical modeling techniques.
Historical Context
Policymakers and investors use this index to assess regional economic trends, inform investment decisions, and develop targeted economic strategies.
Key Facts
- Provides a comprehensive view of Indiana's economic contribution
- Part of the broader Midwest Economic Index
- Tracks multiple economic dimensions beyond simple GDP measurement
FAQs
Q: What does this economic index measure?
A: The index measures Indiana's economic performance across various sectors, including manufacturing, production, and employment relative to the Midwest region.
Q: How often is this index updated?
A: The Chicago Fed typically updates this index monthly, providing current insights into Indiana's economic trends.
Q: Why is this index important for investors?
A: Investors use this index to understand regional economic health, identify potential investment opportunities, and assess economic risks specific to Indiana.
Q: How does this index differ from state GDP?
A: Unlike GDP, this index provides a more nuanced view of economic performance by incorporating multiple economic indicators beyond total economic output.
Q: What are the limitations of this economic indicator?
A: The index is a snapshot of economic performance and may not capture all economic complexities or predict future economic conditions with absolute certainty.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Midwest Economy Index: Indiana Contribution [ININDEXM683SFRBCHI], retrieved from FRED.
Last Checked: 8/1/2025