Contributions to the Chicago Fed Relative Midwest Economy Index: Midwest Region Contribution: Manufacturing Sector
RMANURM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-81.48%
Date Range
6/1/1976 - 5/1/2021
Summary
The Chicago Fed Relative Midwest Economy Index for Manufacturing tracks the performance and contribution of the manufacturing sector in the Midwest region. This metric provides critical insights into regional economic health and industrial productivity 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 manufacturing sector's relative economic performance compared to historical trends and other regional benchmarks. Economists use it to assess industrial output, economic momentum, and potential structural changes in the Midwest's manufacturing landscape.
Methodology
The data is calculated using a composite of manufacturing-related indicators, including production volumes, employment levels, and economic contributions from various manufacturing subsectors.
Historical Context
Policymakers and investors use this index to evaluate regional economic strategies, investment potential, and potential shifts in industrial competitiveness.
Key Facts
- Focuses specifically on the manufacturing sector's economic contribution
- Provides comparative analysis of Midwest manufacturing performance
- Helps track regional economic trends and potential structural changes
FAQs
Q: What does this index measure?
A: The index tracks the manufacturing sector's relative economic performance in the Midwest region, comparing current conditions to historical trends.
Q: Why is this index important?
A: It provides insights into regional industrial health, helping policymakers and investors understand economic dynamics and potential investment opportunities.
Q: How frequently is this data updated?
A: The Chicago Fed typically updates this index periodically, allowing for tracking of short-term and long-term manufacturing trends.
Q: Can this index predict economic shifts?
A: While not a definitive predictor, the index can signal potential changes in regional manufacturing performance and economic momentum.
Q: What are the limitations of this index?
A: The index focuses solely on manufacturing and may not capture the full complexity of regional economic performance across all sectors.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Relative Midwest Economy Index: Midwest Region Contribution: Manufacturing Sector [RMANURM683SFRBCHI], retrieved from FRED.
Last Checked: 8/1/2025