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Chicago Fed Midwest Manufacturing Index decreased 0.8%
The Chicago Fed Midwest Manufacturing Index (CFMMI) decreased 0.8% in February, to a seasonally adjusted level of 82.6 (2002 = 100). Revised data show the index increased 2.0% in January to 83.2. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) ticked down 0.2% in February. Regional output in February edged down 0.5% from a year earlier, and national output increased 2.0%.
Three of the four regional industry sectors decreased in February:
• Regional auto sector production declined 2.8%;
• Regional resource sector output decreased 0.5%;
• Regional machinery sector production edged down 0.2%; and
• Regional steel sector output increased 0.9%.
Posted: April 6, 2010 Tuesday 12:00 PM