Contributions to the Chicago Fed Midwest Economy Index: Indiana Contribution: Manufacturing Sector
MANUINM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-106.31%
Date Range
6/1/1976 - 5/1/2021
Summary
Measures Indiana's manufacturing sector contribution to the Chicago Fed Midwest Economy Index. Provides critical regional economic performance insights.
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 indicator tracks Indiana's manufacturing sector performance within the broader Midwest economic landscape, highlighting regional industrial activity.
Methodology
Calculated using comprehensive manufacturing sector economic indicators from Indiana.
Historical Context
Used by policymakers and economists to assess regional economic dynamics.
Key Facts
- Reflects Indiana's manufacturing economic contribution
- Provides insights into regional industrial performance
- Helps track Midwest economic trends
FAQs
Q: What does the Midwest Economy Index measure?
A: The index tracks economic activity across multiple Midwestern states, with manufacturing as a key component of regional performance.
Q: Why is Indiana's manufacturing important?
A: Indiana is a significant manufacturing hub, contributing substantially to the Midwest's industrial output and economic strength.
Q: How frequently is this data updated?
A: The Chicago Fed typically updates the Midwest Economy Index monthly, providing current regional economic insights.
Q: What factors influence Indiana's manufacturing contribution?
A: Industrial production, employment levels, and economic conditions directly impact Indiana's manufacturing sector performance.
Q: How can businesses use this economic indicator?
A: Companies can assess regional economic trends, potential market opportunities, and investment strategies in the Midwest manufacturing sector.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Midwest Economy Index: Indiana Contribution: Manufacturing Sector (MANUINM683SFRBCHI), retrieved from FRED.