Index Shows Midwest Economic Growth Picked Up in November
Led by improvements in the manufacturing sector and consumer spending indicators, the Midwest Economy Index (MEI) increased to +0.27 in November from +0.23 in October, and the relative MEI increased to +0.24 in November from +0.21 in October. November’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.