Index Shows Slower Midwest Economic Growth in April
The Midwest Economy Index (MEI) decreased to +0.03 in April from +0.25 in March, and the relative MEI declined to –0.21 in April from +0.10 in March. Significantly lower contributions from the Midwest’s service sector led to declines in both indexes. April’s value for the relative MEI indicates that Midwest economic growth was somewhat lower than would typically be suggested by the growth rate of the national economy.