Contributions to the Chicago Fed Relative Midwest Economy Index: Wisconsin Contribution: Services Sector
RSERVWIM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.03
Year-over-Year Change
-93.14%
Date Range
6/1/1976 - 5/1/2021
Summary
Measures Wisconsin's services sector performance relative to the Midwest economy. Provides insights into regional economic health and sectoral contributions.
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
The index tracks Wisconsin's services sector economic performance compared to broader Midwest regional trends. It helps economists understand localized economic dynamics.
Methodology
Calculated by the Chicago Federal Reserve using comprehensive economic data and sectoral analysis.
Historical Context
Used by policymakers and investors to assess regional economic development strategies.
Key Facts
- Tracks Wisconsin's economic performance
- Focuses on services sector contributions
- Part of Chicago Fed regional economic analysis
FAQs
Q: What does this economic index measure?
A: It measures Wisconsin's services sector performance relative to the broader Midwest economy. Provides insights into regional economic health.
Q: How is the index calculated?
A: The Chicago Fed uses comprehensive economic data to analyze sectoral contributions and regional economic trends.
Q: Why is this index important?
A: It helps economists and policymakers understand localized economic dynamics and regional economic development.
Q: Can this index predict economic changes?
A: It provides valuable indicators of economic performance and potential trends in the Wisconsin services sector.
Q: How often is the index updated?
A: The Chicago Fed typically updates regional economic indices periodically to reflect current economic conditions.
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Citation
U.S. Federal Reserve, Wisconsin Services Sector Contribution (RSERVWIM683SFRBCHI), retrieved from FRED.