Contributions to the Chicago Fed Relative Midwest Economy Index: Midwest Region Contribution: Consumer Spending Sector
RCONSURM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-230.65%
Date Range
6/1/1976 - 5/1/2021
Summary
The Chicago Fed Relative Midwest Economy Index for Consumer Spending tracks the economic performance of the consumer spending sector in the Midwest region. This metric provides insights into regional economic health and consumer behavior 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
This index measures the relative contribution of consumer spending to the overall economic performance of the Midwest. Economists use it to understand regional economic dynamics and potential shifts in consumer economic activity.
Methodology
The data is collected and calculated by the Federal Reserve Bank of Chicago using comprehensive economic surveys and consumer spending data.
Historical Context
Policymakers and economists use this index to assess regional economic trends, inform monetary policy decisions, and understand consumer economic behavior.
Key Facts
- Focuses specifically on the consumer spending sector in the Midwest region
- Provides a relative measure of economic contribution
- Part of the Chicago Fed's broader economic monitoring efforts
FAQs
Q: What does this index specifically measure?
A: The index measures the relative contribution of consumer spending to the Midwest region's economic performance. It helps track economic trends and consumer behavior.
Q: How often is this index updated?
A: The Chicago Fed typically updates regional economic indices periodically, with frequency depending on data collection and economic conditions.
Q: Why is the Midwest consumer spending index important?
A: It provides crucial insights into regional economic health, consumer confidence, and potential economic shifts specific to the Midwest region.
Q: How do economists use this index?
A: Economists analyze this index to understand regional economic trends, assess consumer behavior, and inform policy and investment decisions.
Q: What are the limitations of this index?
A: The index provides a relative measure and should be considered alongside other economic indicators for a comprehensive economic analysis.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Relative Midwest Economy Index: Midwest Region Contribution: Consumer Spending Sector [RCONSURM683SFRBCHI], retrieved from FRED.
Last Checked: 8/1/2025