Index Points to a Pickup in Midwest Economic Growth in August
The Midwest Economy Index (MEI) moved up to –0.26 in August from –0.37 in July. Contributions to the August MEI from three of the four broad sectors of nonfarm business activity and one of the five Seventh Federal Reserve District states increased from July. The relative MEI decreased to –0.27 in August from –0.06 in July. Contributions to the August relative MEI from all four sectors and all five states decreased from July.
