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Chicago Fed Midwest Manufacturing Index Increased 1.8%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.8% in July, to a seasonally adjusted level of 95.6 (2007 = 100). Revised data show the index was up 0.9% in June. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.5% in July. Regional output rose 12.5% in July from a year earlier, and national output increased 5.2%.
Production in two of the four regional sectors increased in July:
• Regional auto sector production rose 6.3%;
• Regional resource sector output moved up 0.3%;
• Regional steel sector output decreased 0.1%; and
• Regional machinery sector production declined 0.8%.
Posted: August 27, 2012 Monday 08:30 AM