Index Suggests Midwest Growth Fell Substantially in April
The Midwest Economy Index (MEI) fell to –7.98 in April from –1.04 in March. Contributions to the April MEI from all four broad sectors of nonfarm business activity and all five Seventh Federal Reserve District states decreased from March. The relative MEI moved down to –3.03 in April from +1.98 in March. Contributions to the April relative MEI from all four sectors and all five states decreased from March.
