Index Points to a Pickup in Midwest Economic Growth in December
The Midwest Economy Index (MEI) rose to +0.43 in December from +0.17 in November. Contributions to the December MEI from all four broad sectors of nonfarm business activity and all five Seventh Federal Reserve District states increased from November. The relative MEI moved up to +0.02 in December from –0.20 in November. Contributions to the December relative MEI from all four sectors and all five states increased from November.