Index Points to Slower Midwest Economic Growth in June
The Midwest Economy Index (MEI) decreased to –0.31 in June from –0.22 in May. Contributions to the June MEI from three of the four broad sectors of nonfarm business activity and three of the five Seventh Federal Reserve District states decreased from May. The relative MEI declined to –0.09 in June from +0.08 in May. Contributions to the June relative MEI from three of the four sectors and four of the five states decreased from May.