Contributions to the Chicago Fed Relative Midwest Economy Index: Services Contribution
RSERVICESM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.13
Year-over-Year Change
-95.20%
Date Range
6/1/1976 - 5/1/2021
Summary
Measures services sector contribution to the Midwest regional economy. Provides critical insight into regional economic performance and service industry 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 tracks the services sector's impact on the Midwest economic landscape. Helps economists understand regional economic trends.
Methodology
Calculated by Chicago Federal Reserve using comprehensive economic data collection.
Historical Context
Used by policymakers to assess regional economic health and service sector performance.
Key Facts
- Focuses on Midwest regional services
- Part of Chicago Fed's economic index
- Tracks service sector economic contributions
FAQs
Q: What does this index measure?
A: Tracks services sector contribution to Midwest regional economic performance. Provides economic health insights.
Q: How is the index calculated?
A: Uses comprehensive economic data collection methods by Chicago Federal Reserve.
Q: Why is regional services data important?
A: Reveals economic trends specific to Midwest service industries and regional economic dynamics.
Q: How do policymakers use this data?
A: Helps develop targeted economic strategies and understand regional economic variations.
Q: What are the index's limitations?
A: Represents aggregate regional data, may not capture micro-level economic variations precisely.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Relative Midwest Economy Index: Services Contribution (RSERVICESM683SFRBCHI), retrieved from FRED.