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Chicago Fed Midwest Manufacturing Index Increased 1.7%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.7% in December, to a seasonally adjusted level of 87.4 (2007 = 100). Revised data show the index was unchanged in November. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.9% in December. Regional output in December rose 8.4% from a year earlier, and national output increased 4.0%.
Production in all four regional sectors improved in December:
• Regional machinery sector production rose 2.5%;
• Regional steel sector output increased 2.4%;
• Regional auto sector production moved up 1.8%; and
• Regional resource sector output grew 0.9%.
Posted: January 30, 2012 Monday 08:30 AM