Index Points to Slower Midwest Economic Growth Again in September
The Midwest Economy Index (MEI) decreased to –0.09 in September from +0.08 in August. Contributions to the September MEI from all four broad sectors of nonfarm business activity and four of the five Seventh Federal Reserve District states declined from August. The relative MEI decreased to –0.04 in September from +0.03 in August. Contributions to the September relative MEI from three of the four sectors and one of the five states decreased from August.