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Chicago Fed Midwest Manufacturing Index increased 1.3%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.3% in February, to a seasonally adjusted level of 83.3 (2007 = 100). Revised data show the index increased 1.8% in January to 82.2. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) rose 0.7% in February. Regional output in February rose 11.7% from a year earlier, and national output increased 7.4%.
Three of the four regional sectors increased in February:
• Regional auto sector production increased 3.5%;
• Regional steel sector output rose 0.8%;
• Regional machinery sector production moved up 0.7%; and
• Regional resource sector output fell 0.2%.
Posted: April 6, 2011 Wednesday 08:30 AM