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Chicago Fed Midwest Manufacturing Index decreased 0.3%
The Chicago Fed Midwest Manufacturing Index (CFMMI) decreased 0.3% in December, to a seasonally adjusted level of 84.1 (2002 = 100). Revised data show the index increased 1.0% in November to 84.4. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was unchanged in December. Regional output in December declined 6.4% from a year earlier, and national output decreased 1.4%.
The regional resource and auto sectors decreased in December, while the machinery and steel sectors increased:
• Regional resource sector output moved down 1.0%;
• Regional auto sector production edged down 0.2%;
• Regional machinery sector output grew 0.6%; and
• Regional steel sector output increased 1.3%.
Posted: January 27, 2010 Wednesday 12:00 PM