Index Points to a Slight Increase in Midwest Economic Growth in December
The Midwest Economy Index (MEI) moved up slightly to +0.17 in December from +0.11 in November. Contributions to the December MEI from two of the four broad sectors of nonfarm business activity and three of the five Seventh Federal Reserve District states increased from November. The relative MEI rose to +0.13 in December from –0.20 in November. Contributions to the December relative MEI from all four sectors and all five states increased from November.