Contributions to the Chicago Fed Midwest Economy Index: Wisconsin Contribution: Manufacturing Sector
MANUWIM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.14
Year-over-Year Change
-166.29%
Date Range
6/1/1976 - 5/1/2021
Summary
The Wisconsin Contribution to the Chicago Fed Midwest Economy Index measures the manufacturing sector's impact on Wisconsin's economy. This indicator provides insight into the health and performance of Wisconsin's manufacturing industry, a key driver of the state's economic growth.
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
The Contributions to the Chicago Fed Midwest Economy Index are a set of indicators that gauge the economic performance of the Midwest region, including individual states like Wisconsin. The manufacturing sector contribution specifically examines how manufacturing activity in Wisconsin influences the overall Midwest economy.
Methodology
The data is calculated by the Federal Reserve Bank of Chicago based on various economic indicators related to the manufacturing industry.
Historical Context
This metric is used by policymakers, economists, and market analysts to assess the strength of Wisconsin's manufacturing sector and its broader economic implications.
Key Facts
- Wisconsin is a major manufacturing hub in the Midwest.
- Manufacturing accounts for over 15% of Wisconsin's GDP.
- The state's manufacturing sector employs nearly 500,000 workers.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the contribution of Wisconsin's manufacturing sector to the overall Chicago Fed Midwest Economy Index, providing insight into the performance and influence of manufacturing in the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the health and competitiveness of Wisconsin's manufacturing industry, which is a critical driver of the state's economic growth and a key component of the broader Midwest regional economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve Bank of Chicago based on various economic indicators related to the manufacturing industry in Wisconsin.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this metric to assess the strength of Wisconsin's manufacturing sector and its broader economic implications, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve Bank of Chicago, with a typical one-month lag in the release of the latest figures.
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Contributions to the Chicago Fed Midwest Economy Index: Midwest Region Contribution
REGIONALM683SFRBCHI
Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Midwest Economy Index: Wisconsin Contribution: Manufacturing Sector (MANUWIM683SFRBCHI), retrieved from FRED.