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Chicago Fed Midwest Manufacturing Index decreased 0.1%
The Chicago Fed Midwest Manufacturing Index (CFMMI) decreased 0.1% in November, to a seasonally adjusted level of 85.8 (2007 = 100). Revised data show the index increased 1.0% in October. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) decreased 0.3% in November. Regional output in November rose 7.1% from a year earlier, and national output increased 4.2%.
Production in two of the four regional sectors decreased in November:
• Regional resource sector output declined 0.8%;
• Regional machinery sector production decreased 0.3%;
• Regional auto sector production moved up 0.3%; and
• Regional steel sector output increased 1.6%.
Posted: December 27, 2011 Tuesday 08:30 AM