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Chicago Fed Midwest Manufacturing Index Decreased 1.2%
The Chicago Fed Midwest Manufacturing Index (CFMMI) decreased 1.2% in October, to a seasonally adjusted level of 92.1 (2007 = 100). Revised data show the index was down 0.6% in September. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) moved down 0.8% in October. Regional output rose 5.9% in October from a year earlier, and national output increased 2.0%.
Production in three of the four regional sectors decreased in October:
• Regional machinery sector production declined 2.5%;
• Regional resource sector output decreased 1.9%;
• Regional steel sector output moved down 0.5%; and
• Regional auto sector production was unchanged.
Posted: November 27, 2012 Tuesday 08:30 AM