Contributions to the Chicago Fed Midwest Economy Index: Midwest Region Contribution: Manufacturing Sector
MANURM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-107.46%
Date Range
6/1/1976 - 5/1/2021
Summary
The Chicago Fed Midwest Economy Index tracks manufacturing sector performance in the Midwestern United States, providing critical insights into regional economic health. This metric helps economists and policymakers understand industrial production trends and potential economic shifts.
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 represents the manufacturing sector's contribution to the broader Midwest regional economic performance, measuring production, employment, and related economic indicators. Economists use this data to assess industrial capacity, productivity, and potential economic momentum in the manufacturing domain.
Methodology
The index is calculated using multiple economic variables related to manufacturing output, employment levels, and production capacity from various Midwestern states.
Historical Context
Policymakers and investors use this index to evaluate regional economic trends, inform investment decisions, and develop targeted economic development strategies.
Key Facts
- Focuses specifically on manufacturing sector contributions in the Midwest region
- Provides granular insights into regional industrial economic performance
- Helps track economic trends beyond national-level aggregated data
FAQs
Q: What states are included in the Midwest region for this index?
A: The Midwest region typically includes Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Ohio, and Wisconsin.
Q: How frequently is this index updated?
A: The Chicago Fed Midwest Economy Index is typically updated monthly, providing current economic performance snapshots.
Q: Why is manufacturing important for regional economic analysis?
A: Manufacturing represents a critical component of regional economic output, providing jobs, generating economic value, and indicating broader economic health.
Q: How can businesses use this index?
A: Companies can use this index to understand regional economic trends, assess potential market opportunities, and make informed strategic decisions.
Q: What are the limitations of this economic indicator?
A: The index focuses solely on manufacturing and may not capture the full complexity of regional economic dynamics across all sectors.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Midwest Economy Index: Midwest Region Contribution: Manufacturing Sector [MANURM683SFRBCHI], retrieved from FRED.
Last Checked: 8/1/2025