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Chicago Fed Midwest Manufacturing Index decreased 0.3%
The Chicago Fed Midwest Manufacturing Index (CFMMI) decreased 0.3% in August, to a seasonally adjusted level of 80.1 (2002 = 100). Revised data show the index rose 3.1% in July, to 80.4. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was up 0.6% in August. Regional output in August declined 20.8% from a year earlier—lower than the 12.0% decrease in national output. The decline was focused in the regional auto sector, the other three regional sectors moved higher:
Regional auto sector production declined 4.2%;
Regional machinery sector output rose 0.3%;
Regional steel sector output increased 0.6%; and
Regional resource sector output rose 1.3%.
Posted: September 30, 2009 Wednesday 12:00 PM