Contributions to the Chicago Fed Relative Midwest Economy Index: Iowa Contribution
RIAINDEXM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.13
Year-over-Year Change
-173.35%
Date Range
6/1/1976 - 5/1/2021
Summary
The Chicago Fed Relative Midwest Economy Index for Iowa tracks the state's economic performance relative to the broader Midwest region. This indicator provides insights into Iowa's economic health and comparative regional economic dynamics.
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 metric measures Iowa's economic contributions and performance against a regional benchmark established by the Chicago Federal Reserve. Economists use this index to understand structural economic changes, sectoral shifts, and comparative regional economic strengths.
Methodology
The index is calculated using a composite of economic indicators that reflect Iowa's economic activity, weighted and normalized against Midwest regional performance standards.
Historical Context
Policymakers and investors use this index to assess regional economic trends, inform investment decisions, and develop targeted economic development strategies.
Key Facts
- Provides comparative economic performance metrics for Iowa
- Developed by the Chicago Federal Reserve
- Offers insights into regional economic dynamics
FAQs
Q: What does this index measure?
A: The index measures Iowa's economic performance relative to the broader Midwest region using multiple economic indicators.
Q: How often is this index updated?
A: The Chicago Fed typically updates regional economic indices monthly, providing current economic snapshots.
Q: Why is this index important?
A: It helps economists, policymakers, and investors understand regional economic variations and trends.
Q: Can this index predict economic changes?
A: While not a definitive predictor, the index provides valuable leading indicators of economic performance and potential shifts.
Q: What factors influence this index?
A: Factors include industrial production, employment rates, consumer spending, and other key economic metrics specific to Iowa.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Relative Midwest Economy Index: Iowa Contribution [RIAINDEXM683SFRBCHI], retrieved from FRED.
Last Checked: 8/1/2025