Contributions to the Chicago Fed Relative Midwest Economy Index: Michigan Contribution: Construction Sector
RCONSTMIM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.01
Year-over-Year Change
-242.54%
Date Range
6/1/1976 - 5/1/2021
Summary
This economic indicator tracks the construction sector's contribution to Michigan's relative economic performance within the Midwest region. It provides insights into regional economic dynamics and sectoral performance.
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 Michigan's construction sector performance relative to other Midwestern states, offering economists a nuanced view of regional economic health and development trends. It helps understand localized economic variations and potential investment opportunities.
Methodology
The data is calculated by the Chicago Federal Reserve using comprehensive economic surveys and statistical modeling of construction sector indicators.
Historical Context
Policymakers and investors use this index to assess regional economic resilience, infrastructure development, and potential economic growth trajectories.
Key Facts
- Tracks Michigan's construction sector performance within Midwest context
- Provides granular insights into regional economic dynamics
- Developed by Chicago Federal Reserve for precise economic analysis
FAQs
Q: What does this economic indicator measure?
A: It measures Michigan's construction sector performance relative to other Midwestern states, providing insights into regional economic variations.
Q: Why is this index important?
A: The index helps economists, investors, and policymakers understand localized economic trends and potential development opportunities.
Q: How is the data collected?
A: The Chicago Federal Reserve uses comprehensive economic surveys and statistical modeling to calculate the index.
Q: Who uses this economic indicator?
A: Policymakers, economists, investors, and regional development planners use this index to assess economic performance.
Q: How frequently is this data updated?
A: The index is typically updated periodically, with specific update frequencies determined by the Chicago Federal Reserve.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Relative Midwest Economy Index: Michigan Contribution: Construction Sector [RCONSTMIM683SFRBCHI], retrieved from FRED.
Last Checked: 8/1/2025