This series represents the contributions of Wisconsin's construction 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 construction sector indicators for the Wisconsin.
A zero value represents an average contribution to RMEI by the state of Wisconsin construction 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.
Source: Federal Reserve Bank of Chicago
Release: Chicago Fed Midwest Economy Index
Federal Reserve Bank of Chicago, Contributions to the Chicago Fed Relative Midwest Economy Index: Wisconsin Contribution: Construction Sector [RCONSTWIM683SFRBCHI], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/RCONSTWIM683SFRBCHI, February 14, 2016.