Contributions to the Chicago Fed Relative Midwest Economy Index: Michigan Contribution (RMIINDEXM683SFRBCHI)
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Home > Releases > Chicago Fed Midwest Economy Index > Contributions to the Chicago Fed Relative Midwest Economy Index: Michigan Contribution
Observation:
Feb 2021: 0.03228 (+ more)Feb 2021: | 0.03228 | |
Jan 2021: | -0.04835 | |
Dec 2020: | 0.02324 | |
Nov 2020: | 0.41916 | |
Oct 2020: | 1.15113 |
Units:
Index Standard Deviation,Frequency:
MonthlyData in this graph are copyrighted. Please review the copyright information in the series notes before sharing.
Title | Release Dates | |
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Contributions to the Chicago Fed Relative Midwest Economy Index: Michigan Contribution | 2014-04-28 | 2021-03-31 |
Source | ||
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Federal Reserve Bank of Chicago | 2014-04-28 | 2021-03-31 |
Release | ||
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Chicago Fed Midwest Economy Index | 2014-04-28 | 2021-03-31 |
Units | ||
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Index Standard Deviation | 2014-04-28 | 2021-03-31 |
Frequency | ||
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Monthly | 2014-04-28 | 2021-03-31 |
Seasonal Adjustment | ||
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Seasonally Adjusted | 2014-04-28 | 2021-03-31 |
Notes | ||
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This series represents the contributions of Michigan to the Relative Midwest Economy Index (RMEI). This series is the weighted average of state variables measuring the growth in nonfarm business activity based on indicators of four broad sectors of the Michigan's economy: 1) manufacturing, 2) construction and mining, 3) services, and 4) consumer spending. A zero value represents an average contribution to RMEI by the state of Michigan, 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 | 2021-03-31 |
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