Observations

May 2021: 0.04798

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: Michigan Contribution: Consumer Spending Sector	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 Michigan's consumer spending sector 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 consumer spending sector indicators for the Michigan. A zero value represents an average contribution to RMEI by the state of Michigan 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: Michigan Contribution: Consumer Spending Sector (RCONSUMIM683SFRBCHI)