Contributions to the Chicago Fed Relative Midwest Economy Index: Iowa Contribution: Consumer Spending Sector
RCONSUIAM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-104.00%
Date Range
6/1/1976 - 5/1/2021
Summary
Tracks Iowa's consumer spending contribution to the Midwest regional economy. Provides insights into regional economic performance and consumer behavior.
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 Iowa's specific economic impact through consumer spending. It helps economists understand regional economic variations and trends.
Methodology
Calculated using comprehensive economic data from Iowa's consumer spending sectors.
Historical Context
Used by policymakers to assess regional economic health and consumer trends.
Key Facts
- Tracks economic contributions from Iowa's consumer sector
- Part of Chicago Fed's Relative Midwest Economy Index
- Provides granular regional economic insights
FAQs
Q: What does this economic index measure?
A: It tracks Iowa's consumer spending contribution to the Midwest regional economy. Helps understand local economic performance.
Q: Why is regional economic data important?
A: Regional data reveals localized economic trends not visible in national statistics. Helps targeted economic planning.
Q: How often is this index updated?
A: Typically updated quarterly with the most recent economic data available.
Q: Can this index predict economic changes?
A: It provides leading indicators of regional economic health and consumer behavior trends.
Q: What makes Iowa's data unique?
A: Iowa's economic composition differs from national averages, making its regional data particularly insightful.
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Citation
U.S. Federal Reserve, Iowa Contribution: Consumer Spending Sector (RCONSUIAM683SFRBCHI), retrieved from FRED.