Contributions to the Chicago Fed Relative Midwest Economy Index: Wisconsin Contribution
RWIINDEXM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
2.38%
Date Range
6/1/1976 - 5/1/2021
Summary
The Chicago Fed Relative Midwest Economy Index for Wisconsin tracks the state's economic performance relative to the broader Midwest region. This metric provides insights into Wisconsin's economic health and comparative regional 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 measures Wisconsin's economic contributions and performance against a regional benchmark, offering economists a nuanced view of state-level economic trends. Economists use this indicator to understand structural economic changes and regional comparative advantages.
Methodology
The index is calculated by the Federal Reserve Bank of Chicago using a composite of economic indicators that reflect Wisconsin's economic activity and performance.
Historical Context
Policymakers and investors use this index to assess regional economic conditions, inform investment strategies, and develop targeted economic development initiatives.
Key Facts
- Provides comparative economic performance for Wisconsin
- Part of the Chicago Fed's regional economic analysis framework
- Helps track structural economic changes in the Midwest
FAQs
Q: What does the Relative Midwest Economy Index measure?
A: The index measures Wisconsin's economic performance relative to the broader Midwest region using multiple economic indicators.
Q: How often is this index updated?
A: Typically, the index is updated monthly, providing current insights into Wisconsin's economic trends.
Q: Who calculates this economic index?
A: The Federal Reserve Bank of Chicago develops and maintains this regional economic index.
Q: Why is this index important for economic analysis?
A: It offers a nuanced view of state-level economic performance within a regional context, helping economists and policymakers understand economic dynamics.
Q: What are the limitations of this index?
A: The index provides a relative measure and should be used alongside other economic indicators for comprehensive analysis.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Relative Midwest Economy Index: Wisconsin Contribution [RWIINDEXM683SFRBCHI], retrieved from FRED.
Last Checked: 8/1/2025