The Midwest Economy Index (MEI), which approximates quarterly growth at a monthly frequency, fell to –9.48 in June from –8.38 in May. Contributions to the June MEI from three of the four broad sectors of nonfarm business activity and all five Seventh Federal Reserve District states decreased from May. The relative MEI fell to –5.30 in June from +0.93 in May. Contributions to the June relative MEI from all four sectors and all five states decreased from May.
Midwest Economy Index, June 2020
Index Suggests Midwest Growth Well Below Trend Through June