Wisconsin economic growth declined in August

Construction and consumer sectors down


Wisconsin’s economic activity declined in August, according to the latest Midwest Economy Index from the Federal Reserve Bank of Chicago.

Economic indicators

The Chicago Fed covers five Midwestern states: Wisconsin, Illinois, Iowa, Michigan and Indiana. Overall, Midwest economic activity was -0.04 in August, up from -0.16 in July.

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A zero value indicates the economy is growing at its historical trend rate. A positive value indicates above-average growth, while negative indicates below-average growth.

Wisconsin was a drag on the Midwest total last month, with a -0.04 rate of economic growth.

Illinois and Michigan, however, had positive August contributions of +0.02 and +0.05, respectively. Iowa had -0.06, while Indiana had -0.01 in August.

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In the individual sectors covered by the index, Wisconsin’s manufacturing activity held steady, construction declined, consumer declined and services grew.

Read more economic data reports on the BizTracker page.

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