The latest Midwest Economy Index shows the manufacturing sector contributed more to the region’s growth in April than other industry clusters, while Wisconsin led the region in overall growth.
The MEI increased from +0.61 in March to +0.70 in April, reaching its highest point since June 2014. All four broad sectors of nonfarm activity contributed positively to the MEI this time around, and each of the five states in the Midwest area had positive index values — Indiana had the least with +0.03, while Wisconsin had the most with +0.27.
For the Midwest overall, manufacturing’s contribution to the MEI increased to +0.34 in April, from +0.23 in March. Manufacturing activity increased in Iowa, Illinois and Michigan, decreased in Indiana, and stayed the same in Wisconsin.