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Chicago Fed Midwest Manufacturing Index increased 1.1%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.1% in January, to a seasonally adjusted level of 84.1 (2007 = 100). Revised data show the index increased 0.7% in December to 83.2. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) rose 0.3% in January. Regional output in January rose 9.2% from a year earlier, and national output increased 6.0%.
Three of the four regional sectors increased in January:
• Regional auto sector production increased 4.1%;
• Regional steel sector output rose 1.3%;
• Regional machinery sector production moved up 1.0%; and
• Regional resource sector output decreased 0.7%.
Posted: March 17, 2011 Thursday 08:30 AM