Contributions to the Chicago Fed Midwest Economy Index: Illinois Contribution
ILINDEXM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.30
Year-over-Year Change
-118.98%
Date Range
6/1/1976 - 5/1/2021
Summary
The Chicago Fed Midwest Economy Index tracks economic performance for Illinois. It provides crucial insights into regional economic health and development trends.
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 economic activity across multiple sectors in Illinois, including production, employment, and income indicators. It helps economists understand regional economic dynamics.
Methodology
Data is collected from multiple economic indicators and compiled by the Chicago Federal Reserve.
Historical Context
Used by policymakers and investors to assess regional economic performance and potential.
Key Facts
- Tracks multiple economic sectors in Illinois
- Provides quarterly regional economic insights
- Developed by Chicago Federal Reserve
FAQs
Q: What does the Midwest Economy Index measure?
A: It measures economic activity across production, employment, and income sectors in Illinois and surrounding regions.
Q: How often is the index updated?
A: The index is typically updated on a quarterly basis by the Chicago Federal Reserve.
Q: Why is this index important?
A: It provides critical insights into regional economic performance and potential future trends.
Q: Can businesses use this index for planning?
A: Yes, businesses can use the index to understand regional economic conditions and potential opportunities.
Q: What sectors are included in the index?
A: The index incorporates manufacturing, services, employment, and income-related economic indicators.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Midwest Economy Index: Illinois Contribution (ILINDEXM683SFRBCHI), retrieved from FRED.