Led by declines in the service sector, the Midwest Economy Index (MEI) decreased to –0.02 in March from +0.05 in February, falling below zero for the first time since June 2013. Moreover, the relative MEI decreased to –0.13 in March from +0.27 in the previous month. March’s value for the relative MEI indicates that Midwest economic growth was somewhat lower than would typically be suggested by the growth rate of the national economy.
About This ArticleMarch 2014
The Midwest Economy Index (MEI) was –0.02 in March, down from +0.05 in February.
Index Shows Midwest Economic Growth Near Average in March
Last Updated: 04/28/14