Index Points to Little Change in Midwest Economic Growth in May
The Midwest Economy Index (MEI) edged down to +0.51 in May from +0.55 in April. Contributions to the May MEI from two of the four broad sectors of nonfarm business activity and two of the five Seventh Federal Reserve District states decreased from April. The relative MEI dropped to –0.31 in May from +0.14 in April. Contributions to the May relative MEI from all four sectors and all five states decreased from April.
