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Chicago Fed Midwest Manufacturing Index decreased 1.4%
The Chicago Fed Midwest Manufacturing Index (CFMMI) decreased 1.4% in August, to a seasonally adjusted level of 79.9 (2007 = 100). Revised data show the index rose 1.9% in July to 81.0. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) edged up 0.2% in August. Regional output in August rose 8.5% from a year earlier, and national output increased 6.5%.
The regional auto sector was the only sector to decline in August:
• Regional auto sector output fell 6.9%;
• Regional machinery sector production edged up 0.3%
• Regional steel sector output grew 0.8%; and
• Regional resource sector production rose 0.9%.
Posted: September 27, 2010 Monday 12:00 PM