Contributions to the Chicago Fed Midwest Economy Index: Illinois Contribution: Manufacturing Sector
MANUILM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.17
Year-over-Year Change
-164.60%
Date Range
6/1/1976 - 5/1/2021
Summary
The Chicago Fed Midwest Economy Index for Illinois' Manufacturing Sector tracks the economic performance and contribution of manufacturing activities within Illinois. This metric provides critical insights into regional industrial productivity and economic health.
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 the manufacturing sector's relative performance compared to its historical trends and potential output. Economists use it to assess regional economic momentum, industrial capacity utilization, and potential structural changes in manufacturing.
Methodology
The index is calculated using multiple economic indicators including production volumes, employment levels, and sector-specific economic inputs from Illinois manufacturing establishments.
Historical Context
Policymakers and investors use this data to understand regional economic dynamics, inform investment strategies, and develop targeted economic development initiatives.
Key Facts
- Provides granular insights into Illinois manufacturing sector performance
- Tracks economic contributions beyond simple output measurements
- Offers comparative analysis against historical manufacturing trends
FAQs
Q: What does this index specifically measure?
A: The index measures manufacturing sector performance in Illinois, tracking economic contributions through multiple economic indicators.
Q: How frequently is this data updated?
A: Typically updated monthly, providing near-real-time insights into regional manufacturing economic trends.
Q: Why is the Illinois manufacturing index important?
A: It provides critical insights into regional economic health, industrial productivity, and potential economic shifts in the Midwest.
Q: How can businesses use this data?
A: Companies can leverage this index for strategic planning, understanding regional economic conditions, and assessing potential investment opportunities.
Q: What are the limitations of this index?
A: The index represents a snapshot of economic performance and should be considered alongside other economic indicators for comprehensive analysis.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Midwest Economy Index: Illinois Contribution: Manufacturing Sector [MANUILM683SFRBCHI], retrieved from FRED.
Last Checked: 8/1/2025