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Chicago Fed Midwest Manufacturing Index Decreased 1.0%
The Chicago Fed Midwest Manufacturing Index (CFMMI) decreased 1.0% in May, to a seasonally adjusted level of 93.4 (2007 = 100). Revised data show the index was up 2.5% in April. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) decreased 0.4% in May. Regional output rose 10.5% in May from a year earlier, and national output increased 5.4%.
Production in three of the four regional sectors decreased in May:
• Regional auto sector production declined 2.7%;
• Regional resource sector output decreased 0.6%;
• Regional machinery sector production moved down 0.5%; and
• Regional steel sector output increased 0.2%.
Posted: June 27, 2012 Wednesday 08:30 AM