Contributions to the Chicago Fed Relative Midwest Economy Index: Indiana Contribution: Consumer Spending Sector
RCONSUINM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
-137.54%
Date Range
6/1/1976 - 5/1/2021
Summary
Tracks Indiana's consumer spending contribution to the Midwest regional economic performance. Provides insights into regional economic health 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
Measures Indiana's specific impact on consumer spending within the Midwest economic ecosystem. Helps economists understand regional economic dynamics.
Methodology
Calculated by the Chicago Federal Reserve using comprehensive economic data collection methods.
Historical Context
Used by policymakers to assess regional economic trends and consumer spending patterns.
Key Facts
- Tracks consumer spending contribution in Indiana
- Part of Chicago Fed's Relative Midwest Economy Index
- Provides granular regional economic insights
FAQs
Q: What does this economic indicator measure?
A: It tracks Indiana's consumer spending contribution to the Midwest regional economy. Helps understand local economic performance.
Q: How is the index calculated?
A: The Chicago Fed uses comprehensive economic data to assess Indiana's consumer spending impact on the regional economy.
Q: Why is this indicator important?
A: It provides detailed insights into regional economic health and consumer behavior patterns.
Q: How often is the data updated?
A: The index is typically updated periodically by the Chicago Federal Reserve to reflect current economic conditions.
Q: Can this data predict economic trends?
A: It offers valuable insights into regional economic performance and potential future consumer spending patterns.
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Citation
U.S. Federal Reserve, Indiana Contribution: Consumer Spending Sector (RCONSUINM683SFRBCHI), retrieved from FRED.