Contributions to the Chicago Fed Relative Midwest Economy Index: Illinois Contribution: Construction Sector
RCONSTILM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.02
Year-over-Year Change
-48.79%
Date Range
6/1/1976 - 5/1/2021
Summary
This economic indicator tracks the construction sector's contribution to Illinois' economic performance within the broader Midwest regional context. It provides insights into regional economic dynamics and infrastructure development trends.
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 index measures the relative economic contribution of Illinois' construction sector compared to other Midwest states, reflecting regional economic health and investment patterns. Economists use this metric to understand localized economic performance and potential growth indicators.
Methodology
The data is calculated by the Chicago Federal Reserve using comprehensive economic surveys and statistical modeling of construction sector activity.
Historical Context
This indicator is used by policymakers and investors to assess regional economic trends, infrastructure investment potential, and economic development strategies.
Key Facts
- Tracks construction sector's economic contribution in Illinois
- Part of the Chicago Fed's Relative Midwest Economy Index
- Provides insights into regional economic performance
FAQs
Q: What does this economic indicator measure?
A: It measures the construction sector's contribution to Illinois' economic performance within the Midwest region, tracking economic activity and investment trends.
Q: Why is this indicator important?
A: The indicator helps economists and policymakers understand regional economic dynamics, infrastructure development, and potential economic growth.
Q: How is the data collected?
A: The Chicago Federal Reserve collects data through comprehensive economic surveys and advanced statistical modeling techniques.
Q: Who uses this economic indicator?
A: Policymakers, investors, economists, and urban planners use this indicator to assess regional economic health and investment potential.
Q: How often is this data updated?
A: The data is typically updated periodically, with frequency depending on the Chicago Federal Reserve's reporting schedule.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Relative Midwest Economy Index: Illinois Contribution: Construction Sector [RCONSTILM683SFRBCHI], retrieved from FRED.
Last Checked: 8/1/2025