Index Shows Midwest Economic Growth Slowed in July
Led by declines in the construction and mining sector, the Midwest Economy Index (MEI) decreased to −0.12 in July from a neutral reading in June. The relative MEI declined to −0.08 in July from +0.12 in June. July’s value for the relative MEI indicates that Midwest economic growth was slightly less than what would typically be suggested by the growth rate of the national economy.