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Chicago Fed Midwest Manufacturing Index increased 0.4%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 0.4% in November, to a seasonally adjusted level of 81.1 (2007 = 100). Revised data show the index edged up 0.3% in October to 80.8. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.3% in November. Regional output in November rose 7.9% from a year earlier, and national output increased 6.0%.
Three of the four regional sectors increased in November:
• Regional steel sector output increased 2.3%;
• Regional machinery sector production rose 1.4%;
• Regional resource sector output moved up 0.4%; and
• Regional auto sector production decreased 2.2%.
Posted: December 27, 2010 Monday 12:00 PM