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Chicago Fed Midwest Manufacturing Index declined 0.3%
The Chicago Fed Midwest Manufacturing Index (CFMMI) decreased 0.3% in June, to a seasonally adjusted level of 78.1 (2002 = 100). Revised data show the index was down 3.0% in May, to 78.3. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was down 0.6% in June. Regional output in June declined 25.2% from a year earlier—lower than the 15.4% decrease in national output.
Three of the four regional industry sectors decreased in June:
Regional machinery sector output moved down 1.1%;
Regional steel sector output decreased 0.9%;
Regional resource sector output dipped 0.6%; and
Regional auto sector production rose 1.4%.
Posted: July 27, 2009 Monday 12:00 PM