Index Points to a Pickup in Midwest Economic Growth in February
The Midwest Economy Index (MEI) moved up to +0.44 in February from +0.34 in January. Contributions to the February MEI from three of the four broad sectors of nonfarm business activity and three of the five Seventh Federal Reserve District states increased from January. The relative MEI rose to +0.31 in February from –0.15 in January. Contributions to the February relative MEI from all four sectors and all five states increased from January.