Index Shows Midwest Economic Growth Increased in June
Last Updated: 07/31/14
Led by continued strength in the manufacturing sector, the Midwest Economy Index (MEI) increased to +0.55 in June from +0.45 in May, reaching its highest level since May 2012. The relative MEI increased to –0.02 in June from –0.52 in the previous month. June’s value for the relative MEI indicates that the Midwest economy was growing at a rate roughly consistent with national economic growth.