Contributions to the Chicago Fed Relative Midwest Economy Index: Illinois Contribution: Manufacturing Sector
RMANUILM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.37
Year-over-Year Change
-73.62%
Date Range
6/1/1976 - 5/1/2021
Summary
Tracks Illinois' manufacturing sector performance relative to the Midwest regional economy. Provides critical insights into industrial productivity and economic health.
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 manufacturing contributions from Illinois to the broader Midwest economic landscape. It helps economists understand regional industrial dynamics.
Methodology
Calculated by the Chicago Federal Reserve using comprehensive economic data and sector-specific metrics.
Historical Context
Used by policymakers to assess regional economic trends and manufacturing sector performance.
Key Facts
- Tracks manufacturing sector contributions
- Provides regional economic insights
- Part of Chicago Fed's economic analysis
FAQs
Q: What does this economic index measure?
A: It measures Illinois' manufacturing sector performance relative to the Midwest regional economy. Helps track industrial productivity.
Q: How is the index calculated?
A: The Chicago Fed uses comprehensive economic data to assess manufacturing contributions across the region.
Q: Why is this index important?
A: It provides critical insights into regional economic health and manufacturing sector performance.
Q: Who uses this economic indicator?
A: Economists, policymakers, and investors use this index to understand regional economic trends.
Q: How often is the index updated?
A: The Chicago Fed typically updates the index periodically to reflect current economic conditions.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Relative Midwest Economy Index: Illinois Contribution: Manufacturing Sector (RMANUILM683SFRBCHI), retrieved from FRED.