Contributions to the Chicago Fed Relative Midwest Economy Index: Illinois Contribution: Consumer Spending Sector
RCONSUILM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-104.63%
Date Range
6/1/1976 - 5/1/2021
Summary
Measures Illinois' consumer spending contribution to the Midwest regional economy. Provides critical insights into regional economic 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
Tracks consumer spending sector's impact on Illinois' economic contribution. Part of the Chicago Fed's Relative Midwest Economy Index.
Methodology
Calculated using comprehensive consumer spending data from Illinois.
Historical Context
Used by policymakers to understand regional economic dynamics.
Key Facts
- Tracks Illinois consumer spending impact
- Part of Chicago Fed regional analysis
- Indicates regional economic health
FAQs
Q: What does this economic indicator measure?
A: Illinois' consumer spending contribution to the Midwest regional economy. Reflects local economic activity.
Q: Why is regional consumer spending important?
A: Provides insights into local economic health, consumer confidence, and potential economic trends.
Q: How is this data collected?
A: Comprehensive consumer spending data compiled by the Chicago Federal Reserve.
Q: What can changes in this metric indicate?
A: Shifts may signal changes in consumer behavior, economic conditions, or regional economic performance.
Q: How do economists use this data?
A: To analyze regional economic trends, consumer behavior, and potential policy interventions.
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Contributions to the Chicago Fed Midwest Economy Index: Midwest Region Contribution: Consumer Spending Sector
CONSURM683SFRBCHI
Citation
U.S. Federal Reserve, Chicago Fed Relative Midwest Economy Index (RCONSUILM683SFRBCHI), retrieved from FRED.