Index Points to Little Change in Midwest Economic Growth in August
The Midwest Economy Index (MEI) ticked down to +0.42 in August from +0.43 in July. Contributions to the August MEI from one of the four broad sectors of nonfarm business activity and two of the five Seventh Federal Reserve District states decreased from July. The relative MEI rose to +0.28 in August from +0.11 in July. Contributions to the August relative MEI from all four sectors and all five states increased from July.