Index Points to Little Change in Midwest Economic Growth in April
The Midwest Economy Index (MEI) ticked up to +0.53 in April from +0.52 in March. Contributions to the April MEI from three of the four broad sectors of nonfarm business activity and two of the five Seventh Federal Reserve District states increased from March. The relative MEI moved down to +0.18 in April from +0.31 in March. Contributions to the April relative MEI from three of the four sectors and four of the five states decreased from March.