The Midwest Economy Index (MEI), which approximates quarterly growth at a monthly frequency, fell to +3.15 in October from +4.34 in September. Contributions to the October MEI from three of the four broad sectors of nonfarm business activity and all five Seventh Federal Reserve District states decreased from September. The relative MEI rose to +2.50 in October from +1.16 in September. Contributions to the October relative MEI from three of the four sectors and three of the five states increased from September.
Midwest Economy Index, October 2020
Index Suggests Slower, but Still Well-Above-Trend Midwest Growth Through October