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Chicago Fed Midwest Manufacturing Index Increased 1.3%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.3% in January, to a seasonally adjusted level of 90.1 (2007 = 100). Revised data show the index was up 2.2% in December. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.8% in January. Regional output in January rose 9.0% from a year earlier, and national output increased 4.7%.
Production in three of the four regional sectors improved in January:
• Regional auto sector production increased 4.1%;
• Regional machinery sector production rose 1.1%;
• Regional steel sector output moved up 0.9%; and
• Regional resource sector output decreased 0.8%.
Posted: March 19, 2012 Monday 08:30 AM