Index Points to Slower Midwest Economic Growth in April
The Midwest Economy Index (MEI) decreased to –0.04 in April from +0.21 in March. Contributions to the April MEI from three of the four broad sectors of nonfarm business activity and all five Seventh Federal Reserve District states decreased from March. The relative MEI fell to +0.18 in April from +0.64 in March. Contributions to the April relative MEI from three of the four sectors and all five states decreased from March.