Index Shows Midwest Economic Growth Decreased Slightly in May
Led by a slight decrease in service sector growth, the Midwest Economy Index (MEI) moved down to +0.17 in May from +0.28 in April. The relative MEI fell to +0.55 in May from +0.86 in April. May’s value for the relative MEI indicates that Midwest economic growth was somewhat higher than would typically be suggested by the growth rate of the national economy.