Contributions to the Chicago Fed Midwest Economy Index: Midwest Region Contribution
REGIONALM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
-124.33%
Date Range
6/1/1976 - 5/1/2021
Summary
The Chicago Fed Midwest Economy Index tracks economic performance across the Midwestern United States by measuring regional economic activity relative to long-term trends. This index provides critical insights into the economic health and momentum of a key industrial and agricultural region of the United States.
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 economic indicator aggregates multiple data points to assess the overall economic performance of the Midwest region, capturing variations in production, employment, income, and other critical economic metrics. Economists use this index to understand regional economic dynamics and potential shifts in economic performance.
Methodology
The index is calculated by the Federal Reserve Bank of Chicago using a comprehensive set of economic indicators weighted to reflect regional economic conditions.
Historical Context
Policymakers and investors use this index to assess regional economic trends, inform monetary policy decisions, and understand potential broader economic implications.
Key Facts
- Covers multiple economic dimensions beyond simple GDP measurement
- Provides granular insights into regional economic performance
- Helps track economic momentum in a critical U.S. economic region
FAQs
Q: What regions are included in the Midwest Economic Index?
A: The index typically covers states including Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Ohio, and Wisconsin.
Q: How frequently is this index updated?
A: The Chicago Fed Midwest Economy Index is typically updated monthly, providing near-real-time economic insights.
Q: What makes the Midwest important for economic analysis?
A: The Midwest is crucial due to its significant manufacturing, agricultural, and industrial sectors, which are key drivers of U.S. economic performance.
Q: How do economists use this index?
A: Economists use this index to assess regional economic health, predict potential national economic trends, and inform policy and investment decisions.
Q: What are the limitations of this economic indicator?
A: Like all regional indices, it provides a snapshot of economic activity and may not capture all nuanced economic dynamics or unexpected economic shifts.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Midwest Economy Index: Midwest Region Contribution [REGIONALM683SFRBCHI], retrieved from FRED.
Last Checked: 8/1/2025