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Contributions to the Chicago Fed Relative Midwest Economy Index: Services Contribution (RSERVICESM683SFRBCHI)

Observations

May 2021: -0.12867
Updated: Jun 30, 2021 7:35 AM CDT
May 2021:  -0.12867  
Apr 2021:  -0.12450  
Mar 2021:  0.35256  
Feb 2021:  -0.05553  
Jan 2021:  -0.01942  

Units:

Index Standard Deviation,
Seasonally Adjusted

Frequency:

Monthly
1Y5Y10YMax
to
Date:
Bar 1 - Contributions to the Chicago Fed Relative Midwest Economy Index: Services Contribution Vintage: 2021-05-28
Bar 1
(a) Contributions to the Chicago Fed Relative Midwest Economy Index: Services Contribution, Index Standard Deviation, Seasonally Adjusted (RSERVICESM683SFRBCHI)
This series represents the contributions of the services 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 services sector. A zero value represents an average contribution to RMEI by the Midwest services 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 .

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    Bar 1 - Contributions to the Chicago Fed Relative Midwest Economy Index: Services Contribution Vintage: 2021-05-28
    Bar 2
    (a) Contributions to the Chicago Fed Relative Midwest Economy Index: Services Contribution, Index Standard Deviation, Seasonally Adjusted (RSERVICESM683SFRBCHI)
    This series represents the contributions of the services 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 services sector. A zero value represents an average contribution to RMEI by the Midwest services 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 .

    Select a date that will equal 100 for your custom index:
      Enter date as YYYY-MM-DD
    to

    Write a custom formula to transform one or more series or combine two or more series.

    You can begin by adding a series to combine with your existing series.

    Type keywords to search for data

      Now create a custom formula to combine or transform the series.

      For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

      Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.

      Finally, you can change the units of your new series.

      Select a date that will equal 100 for your custom index:
          Enter date as YYYY-MM-DD

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      Bar 1
      Contributions to the Chicago Fed Relative Midwest Economy Index: Services Contribution Vintage: 2021-05-28
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      Bar 2
      Contributions to the Chicago Fed Relative Midwest Economy Index: Services Contribution Vintage: 2021-06-30
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      Notes

      Title Release Dates
      Contributions to the Chicago Fed Relative Midwest Economy Index: Services 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 services 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 services sector.

      A zero value represents an average contribution to RMEI by the Midwest services 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

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