Chicago Fed Midwest Economy Index
MEIM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.69
Year-over-Year Change
-108.58%
Date Range
6/1/1976 - 5/1/2021
Summary
The Chicago Fed Midwest Economy Index tracks economic activity and performance across seven Midwestern states, providing a comprehensive regional economic health indicator. It helps economists and policymakers understand economic trends and potential shifts in the Midwest's industrial and service sectors.
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 synthesizes multiple economic indicators to create a holistic view of regional economic performance, measuring deviations from trend growth in the Midwest. Economists use it to assess economic momentum, potential structural changes, and comparative regional economic dynamics.
Methodology
The index is calculated using data from various sectors including employment, industrial production, personal income, and consumption across Illinois, Indiana, Michigan, Wisconsin, Iowa, Missouri, and Arkansas.
Historical Context
Policymakers and investors use this index to understand regional economic trends, inform monetary policy decisions, and assess potential investment opportunities in the Midwestern United States.
Key Facts
- Covers seven Midwestern states with diverse economic activities
- Provides monthly updates on regional economic performance
- Integrates multiple economic indicators for comprehensive analysis
FAQs
Q: What states are included in the Midwest Economy Index?
A: The index covers Illinois, Indiana, Michigan, Wisconsin, Iowa, Missouri, and Arkansas, representing a diverse range of economic activities.
Q: How frequently is the index updated?
A: The Chicago Fed Midwest Economy Index is typically updated monthly, providing current insights into regional economic trends.
Q: What economic sectors does the index measure?
A: The index incorporates data from employment, industrial production, personal income, and consumption across multiple industries.
Q: Why is this index important for economic analysis?
A: It offers a nuanced view of regional economic performance, helping economists and policymakers understand localized economic dynamics.
Q: What are the limitations of this economic indicator?
A: The index focuses on a specific region and may not fully represent national economic trends, requiring complementary analysis.
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Citation
U.S. Federal Reserve, Chicago Fed Midwest Economy Index [MEIM683SFRBCHI], retrieved from FRED.
Last Checked: 8/1/2025