Index Shows Midwest Economic Growth Improved in November
The Midwest Economy Index (MEI) improved to –0.21 in November from –0.47 in October, but remained negative for the fifth consecutive month. The relative MEI jumped to +0.63 in November from –0.09 in October. Estimates of annual growth in gross state product for the five Seventh District states were updated through the third quarter of 2012 in this release. Estimates for Illinois, Iowa, and Michigan were lower than the national rate of growth, while those for Indiana and Wisconsin were higher.