Contributions to the Chicago Fed Midwest Economy Index: Iowa Contribution: Services Sector
SERVIAM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.01
Year-over-Year Change
-98.71%
Date Range
6/1/1976 - 5/1/2021
Summary
The SERVIAM683SFRBCHI tracks the services sector's contribution to Iowa's economic performance within the broader Midwest regional economy. This metric provides critical insights into the state's service industry dynamics and its impact on regional economic health.
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 economic indicator measures the services sector's specific contribution to the Midwest Economy Index, focusing on Iowa's performance. Economists use this data to understand sectoral economic trends, service industry productivity, and regional economic variations.
Methodology
The Chicago Fed calculates this index by aggregating various service sector indicators, including employment, output, and economic activity metrics.
Historical Context
Policymakers and investors use this trend to assess regional economic conditions, inform strategic decisions, and understand service sector performance in the Midwestern United States.
Key Facts
- Focuses specifically on Iowa's services sector contribution
- Part of the broader Chicago Fed Midwest Economy Index
- Provides granular insights into regional economic performance
FAQs
Q: What does the SERVIAM683SFRBCHI measure?
A: It measures the services sector's economic contribution in Iowa within the Midwest regional context. The index tracks various service industry performance indicators.
Q: Why is this economic indicator important?
A: It helps economists and policymakers understand regional economic dynamics and service sector performance. The data provides insights into Iowa's economic health and trends.
Q: How often is this data updated?
A: The Chicago Fed typically updates regional economic indices periodically, with most indicators refreshed monthly or quarterly. Specific update frequencies can vary.
Q: Who uses this economic data?
A: Economists, policymakers, investors, and researchers use this data to analyze regional economic trends and make informed strategic decisions.
Q: What are the limitations of this indicator?
A: The index provides a snapshot of economic performance and may not capture all nuanced economic factors. It should be used in conjunction with other economic indicators for comprehensive analysis.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Midwest Economy Index: Iowa Contribution: Services Sector [SERVIAM683SFRBCHI], retrieved from FRED.
Last Checked: 8/1/2025