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Chicago Fed Midwest Manufacturing Index increased 1.7%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.7% in May, to a seasonally adjusted level of 86.7 (2002 = 100). Revised data show the index rose 1.3% in April to 85.2. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.8% in May. Regional output in May rose 13.2% from a year earlier, and national output increased 8.4%.
All four regional industry sectors increased in May:
• Regional steel sector output grew 3.7%;
• Regional auto sector production rose 3.6%;
• Regional machinery sector production increased 1.1%; and
• Regional resource sector output edged up 0.2%.
Posted: June 28, 2010 Monday 12:00 PM