Research >> Economics
Chicago Fed Midwest Manufacturing Index Decreased 1.2%
The Chicago Fed Midwest Manufacturing Index (CFMMI) decreased 1.2% in August, to a seasonally adjusted level of 94.1 (2007 = 100). Revised data show the index was up 1.5% in July. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) decreased 0.7% in August. Regional output rose 10.1% in August from a year earlier, and national output increased 4.0%.
Production in two of the four regional sectors decreased in August:
• Regional auto sector production declined 4.0%;
• Regional steel sector output decreased 0.5%;
• Regional resource sector output moved up 0.1%; and
• Regional machinery sector production increased 0.1%.
Posted: September 27, 2012 Thursday 08:30 AM