Index Points to Little Change in Midwest Economic Growth in July
The Midwest Economy Index (MEI) ticked up to +0.46 in July from +0.42 in June. Contributions to the July MEI from three of the four broad sectors of nonfarm business activity and three of the five Seventh Federal Reserve District states increased from June. The relative MEI edged up to +0.02 in July from –0.01 in June. Contributions to the July relative MEI from two of the four sectors and three of the five states increased from June.
