Index Shows Midwest Economic Growth Picked Up in March
The Midwest Economy Index (MEI) increased to +0.27 in March from +0.21 in February, remaining positive for the third straight month. The relative MEI, however, decreased slightly to +0.01 in March from +0.04 in February. March’s value for the relative MEI suggests that the Midwest economy is growing at a rate historically consistent with the growth of the national economy.