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Chicago Fed Midwest Manufacturing Index increased 1.3%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.3% in March, to a seasonally adjusted level of 84.1 (2002 = 100). Revised data show the index ticked down 0.1% in February to 83.1. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.9% in March. Regional output in March edged up 4.7% from a year earlier, and national output increased 5.1%.
All four regional industry sectors increased in March:
• Regional auto sector production rose 2.2%;
• Regional steel sector output grew 1.7%;
• Regional machinery sector production moved up 1.5%; and
• Regional resource sector output edged up 0.6%.
Posted: April 27, 2010 Tuesday 12:00 PM