Index Points to Slower Midwest Economic Growth in June
The Midwest Economy Index (MEI) decreased to +0.42 in June from +0.55 in May. Contributions to the June MEI from all four broad sectors of nonfarm business activity and all five Seventh Federal Reserve District states declined from May. The relative MEI moved up to +0.24 in June from +0.13 in May. Contributions to the June relative MEI from two of the four sectors and four of the five states improved from May.