Index Shows Midwest Economic Growth Accelerated in November
The Midwest Economy Index (MEI) increased to +0.52 in November from +0.36 in October, remaining above average for the eighth straight month. The relative MEI rose to +0.72 in November from +0.35 in October, reaching its highest value in three years. November’s value for the relative MEI indicates that Midwest economic growth was moderately higher than would typically be suggested by the growth rate of the national economy.