The Midwest Economy Index (MEI), which approximates quarterly growth at a monthly frequency, fell to +0.35 in February from +0.65 in January. Contributions to the February MEI from three of the four broad sectors of nonfarm business activity and four of the five Seventh Federal Reserve District states decreased from January. The relative MEI moved down to +0.62 in February from +0.91 in January. Contributions to the February relative MEI from two of the four sectors and three of the five states decreased from January.
Midwest Economy Index, February 2021
Index Suggests Slower Midwest Growth Through February