Led by improvements in the service sector and consumer spending indicators, the Midwest Economy Index (MEI) reached its highest value in December since May 2012, increasing to +0.48 from +0.33 in November. Moreover, the relative MEI increased to +0.15 in December from +0.13 in the previous month. December’s value for the relative MEI indicates that Midwest economic growth was higher than would typically be suggested by the growth rate of the national economy.
About This ArticleDecember 2013
The Midwest Economy Index (MEI) was +0.48 in December, up from +0.33 in November.
Index Shows Midwest Economic Growth Picked Up in December
Last Updated: 01/31/14