Index Points to Slower Midwest Economic Growth Again in July
The Midwest Economy Index (MEI) decreased to +0.29 in July from +0.43 in June. Contributions to the July MEI from three of the four broad sectors of nonfarm business activity and three of the five Seventh Federal Reserve District states declined from June. The relative MEI moved down to –0.07 in July from +0.07 in June. Contributions to the July relative MEI from all four sectors and three of the five states decreased from June.