Contributions to the Chicago Fed Relative Midwest Economy Index: Iowa Contribution: Services Sector
RSERVIAM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.08
Year-over-Year Change
-80.54%
Date Range
6/1/1976 - 5/1/2021
Summary
Measures Iowa's services sector contribution to the Midwest regional economy. Provides insights into regional economic performance and sectoral 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
Part of the Chicago Fed's Relative Midwest Economy Index, tracking Iowa's services sector economic contribution. Helps understand regional economic variations.
Methodology
Calculated using comprehensive economic indicators specific to Iowa's services sector.
Historical Context
Used by regional economists and policymakers to assess economic performance and trends.
Key Facts
- Tracks Iowa's services sector economic performance
- Part of Chicago Fed's regional economic analysis
- Provides granular view of state-level economic contributions
FAQs
Q: What does this economic series measure?
A: Tracks Iowa's services sector contribution to the Midwest regional economic index.
Q: Why is regional economic data important?
A: Helps understand localized economic trends and sectoral performance within broader regional context.
Q: How is this data calculated?
A: Uses comprehensive economic indicators specific to Iowa's services sector performance.
Q: Who uses this economic data?
A: Regional economists, policymakers, and researchers studying Midwest economic dynamics.
Q: What are the limitations of this index?
A: Represents aggregate data and may not capture all nuanced economic variations.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Relative Midwest Economy Index: Iowa Contribution: Services Sector (RSERVIAM683SFRBCHI), retrieved from FRED.