Contributions to the Chicago Fed Relative Midwest Economy Index: Indiana Contribution
RININDEXM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.14
Year-over-Year Change
-68.39%
Date Range
6/1/1976 - 5/1/2021
Summary
The Chicago Fed Relative Midwest Economy Index tracks Indiana's economic performance relative to regional benchmarks. It provides insights into the state's economic health and comparative regional 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 index measures Indiana's economic contribution within the Midwest region. It helps economists understand state-level economic performance and regional economic interactions.
Methodology
Calculated using multiple economic indicators comparing Indiana's performance to Midwest averages.
Historical Context
Used by policymakers and economists to assess regional economic development strategies.
Key Facts
- Tracks Indiana's economic performance relative to Midwest
- Provides comparative regional economic insights
- Important for understanding state-level economic trends
FAQs
Q: What does the Midwest Economy Index measure?
A: It tracks economic performance across Midwest states using multiple economic indicators. Helps compare regional economic health.
Q: How is Indiana's economic contribution calculated?
A: By comparing Indiana's economic indicators to Midwest regional averages using comprehensive data sets.
Q: Why is this index important?
A: Provides critical insights for policymakers, investors, and economists about regional economic dynamics.
Q: How often is the index updated?
A: Typically updated quarterly to reflect current economic conditions and trends.
Q: Can this index predict economic changes?
A: It offers valuable leading indicators of regional economic performance and potential shifts.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Relative Midwest Economy Index: Indiana Contribution (RININDEXM683SFRBCHI), retrieved from FRED.