Index Points to Slower Midwest Economic Growth Again in August
The Midwest Economy Index (MEI) decreased to +0.10 in August from +0.30 in July. Contributions to the August MEI from three of the four broad sectors of nonfarm business activity and four of the five Seventh Federal Reserve District states declined from July. The relative MEI ticked up to –0.14 in August from –0.16 in July. Contributions to the August relative MEI from two of the four sectors and two of the five states increased from July.