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Chicago Fed Midwest Manufacturing Index Increased 1.1%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.1% in June, to a seasonally adjusted level of 94.1 (2007 = 100). Revised data show the index was down 1.4% in May. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.7% in June. Regional output rose 11.0% in June from a year earlier, and national output increased 5.6%.
Production in all four regional sectors increased in June:
• Regional machinery sector production grew 2.9%;
• Regional auto sector production increased 0.7%;
• Regional resource sector output improved 0.5%; and
• Regional steel sector output moved up 0.4%.
Posted: July 30, 2012 Monday 08:30 AM