Index Points to Little Change in Midwest Growth Through May
The MEI will be discontinued following this June 30, 2021, release. For further details, go here.
The Midwest Economy Index (MEI), which approximates quarterly growth at a monthly frequency, moved up to +0.69 in May from +0.63 in April. Contributions to the May MEI from three of the four broad sectors of nonfarm business activity and two of the five Seventh Federal Reserve District states increased from April. The relative MEI increased to +0.79 in May from +0.47 in April. Contributions to the May relative MEI from two of the four sectors and four of the five states increased from April.
