Contributions to the Chicago Fed Midwest Economy Index: Manufacturing Contribution
MANUFACTURINGM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.44
Year-over-Year Change
-140.14%
Date Range
6/1/1976 - 5/1/2021
Summary
The Midwest Manufacturing Contribution index tracks regional industrial performance. It provides critical insights into manufacturing sector health and economic momentum.
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 metric measures manufacturing's contribution to the Midwest regional economy. It helps economists understand industrial production trends and regional economic dynamics.
Methodology
Data collected through comprehensive survey of manufacturing establishments across Midwestern states.
Historical Context
Used by policymakers to assess regional economic development and industrial strategy.
Key Facts
- Tracks manufacturing sector performance in Midwest region
- Provides quarterly economic insights
- Reflects industrial production trends
FAQs
Q: What does the Midwest Manufacturing Contribution index measure?
A: It tracks manufacturing sector performance across Midwestern states. The index reflects regional industrial economic activity.
Q: How often is this index updated?
A: The index is typically updated quarterly. It provides current economic insights for the Midwest region.
Q: Why is this index important for economists?
A: It offers granular insights into regional manufacturing trends. Helps understand economic momentum beyond national averages.
Q: Can this index predict economic changes?
A: The index serves as a leading indicator of regional economic performance. It helps forecast potential economic shifts.
Q: What states are included in the Midwest region?
A: Typically includes Illinois, Indiana, Michigan, Wisconsin, and parts of Iowa and Missouri.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Midwest Economy Index (MANUFACTURINGM683SFRBCHI), retrieved from FRED.