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Chicago Fed Midwest Manufacturing Index decreased 0.9%
The Chicago Fed Midwest Manufacturing Index (CFMMI) decreased 0.9% in April, to a seasonally adjusted level of 83.6 (2007 = 100). Revised data show the index increased 1.5% in March to 84.4. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) decreased 0.5% in April. Regional output in April rose 8.6% from a year earlier, and national output increased 5.0%.
The regional steel and auto sectors decreased in April, while the machinery and resource sectors increased:
• Regional auto sector production declined 5.0%;
• Regional steel sector output decreased 0.3%;
• Regional resource sector output increased 0.4%; and
• Regional machinery sector production improved 1.0%.
Posted: May 31, 2011 Tuesday 08:30 AM