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Chicago Fed Midwest Manufacturing Index increased 2.2%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 2.2% in July, to a seasonally adjusted level of 81.4 (2007 = 100). Revised data show the index fell 0.2% in June to 79.6. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 1.1% in July. Regional output in July rose 13.1% from a year earlier, and national output increased 8.1%.
Three of the four regional industry sectors increased in July:
• Regional auto sector production rose 7.2%;
• Regional steel sector output grew 2.2%;
• Regional machinery sector production went up 0.9%; and
• Regional resource sector output edged down 0.1%.
Posted: August 26, 2010 Thursday 12:00 PM