The Midwest Economy Index (MEI) increased to +0.22 in November from –0.11 in October. Contributions to the November MEI from all four broad sectors of nonfarm business activity increased from October, though only the manufacturing sector made a positive contribution to the index. Contributions from all five Seventh Federal Reserve District states also increased from October. The relative MEI moved down to –0.25 in November from –0.07 in October. Contributions to the November relative MEI from three of the four sectors and four of the five states decreased from October.
Midwest Economy Index,
November
2017
Index Points to a Pickup in Midwest Economic Growth in November