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Chicago Fed Midwest Manufacturing Index increased 0.5%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 0.5% in October, to a seasonally adjusted level of 82.9 (2002 = 100). Revised data show the index rose 0.7% in September to 82.5. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was down by 0.1% in October. Regional output in October declined 13.6% from a year earlier, and national output decreased 7.5%.
All four regional industry sectors increased in October:
• Regional auto sector production increased by 0.8%;
• Regional steel sector output also increased by 0.8%;
• Regional machinery sector output rose 0.7%; and
• Regional resource sector output grew by 0.3%.
Posted: November 28, 2009 Saturday 12:00 PM