Research >> Economics
Chicago Fed Midwest Manufacturing Index increased 1.9%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.9% in March, to a seasonally adjusted level of 85.0 (2007 = 100). Revised data show the index increased 1.3% in February to 83.4. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) rose 0.7% in March. Regional output in March rose 12.5% from a year earlier, and national output increased 7.1%.
All four regional sectors increased in March:
• Regional auto sector production increased 4.7%;
• Regional steel sector output rose 2.3%;
• Regional machinery sector production moved up 1.6%; and
• Regional resource sector output improved 0.9%.
Posted: April 27, 2011 Wednesday 08:30 AM