Contributions to the Chicago Fed Midwest Economy Index: Michigan Contribution
MIINDEXM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
-105.22%
Date Range
6/1/1976 - 5/1/2021
Summary
The Chicago Fed Midwest Economy Index tracks economic performance for Michigan. It provides insights into regional economic health and structural changes.
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 Michigan's economic activity relative to long-term trends. It helps economists understand regional economic dynamics and performance.
Methodology
Calculated using multiple economic indicators from various sectors in Michigan.
Historical Context
Used by policymakers to assess regional economic conditions and potential interventions.
Key Facts
- Tracks Michigan's economic activity monthly
- Includes multiple sector performance indicators
- Provides comparative regional economic insights
FAQs
Q: What does the Midwest Economy Index measure?
A: It tracks economic performance across multiple sectors in Michigan and surrounding states.
Q: How often is the index updated?
A: The index is typically updated monthly with the most recent economic data.
Q: Why is this index important?
A: It helps economists and policymakers understand regional economic trends and potential interventions.
Q: What sectors are included in the index?
A: The index incorporates data from manufacturing, services, employment, and other key economic sectors.
Q: How reliable is the Midwest Economy Index?
A: It is produced by the Federal Reserve and uses rigorous statistical methodologies for accuracy.
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Citation
U.S. Federal Reserve, Michigan Contribution (MIINDEXM683SFRBCHI), retrieved from FRED.