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Chicago Fed Midwest Manufacturing Index Decreased 0.4%
The Chicago Fed Midwest Manufacturing Index (CFMMI) decreased 0.4% in September, to a seasonally adjusted level of 93.4 (2007 = 100). Revised data show the index was down 1.8% in August. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.2% in September. Regional output rose 8.5% in September from a year earlier, and national output increased 3.5%.
Production in three of the four regional sectors decreased in September:
• Regional auto sector production declined 2.2%;
• Regional machinery sector production decreased 0.3%;
• Regional steel sector output moved down 0.1%; and
• Regional resource sector output increased 0.9%.
Posted: October 29, 2012 Monday 08:30 AM