Observations

May 2021: 0.12443

Updated: Jun 30, 2021 7:35 AM CDT

Units:

Index Standard Deviation,

Seasonally Adjusted

Frequency:

Monthly

Notes

Title	Release Dates

Contributions to the Chicago Fed Relative Midwest Economy Index: Consumer Spending Contribution	2014-04-28	2021-06-30

Source

Federal Reserve Bank of Chicago	2014-04-28	2021-06-30

Release

Chicago Fed Midwest Economy Index	2014-04-28	2021-06-30

Units

Index Standard Deviation	2014-04-28	2021-06-30

Frequency

Monthly	2014-04-28	2021-06-30

Seasonal Adjustment

Seasonally Adjusted	2014-04-28	2021-06-30

Notes

This series represents the contributions of the consumer spending sector to the Midwest to the Relative Midwest Economy Index (RMEI). This series is a weighted average of state and regional indicators encompassing the entirety of the five states in the Seventh Federal Reserve District (Illinois, Iowa, Iowa, Michigan, and Wisconsin). The series measures the growth in nonfarm business activity in the Midwest Region based on the consumer spending sector. A zero value represents an average contribution to RMEI by the Midwest consumer spending sector, a rate historically consistent with the growth of the national economy, whereas positive values indicate above-average relative contribution; and negative values indicate below average relative contribution. For further information about the Relative Midwest Economy Index, go to http://midwest.chicagofedblogs.org/archives/2011/03/mei_by_scott_br.html and http://chicagofed.org/digital_assets/publications/chicago_fed_letter/2010/cflnovember2010_280.pdf .	2014-04-28	2021-06-30

Contributions to the Chicago Fed Relative Midwest Economy Index: Consumer Spending Contribution (RCONSUMERM683SFRBCHI)