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Chicago Fed Midwest Manufacturing Index increased 1.0%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.0% in September, to a seasonally adjusted level of 82.3 (2002 = 100). Revised data show the index rose 1.6% in August, to 81.6. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was also up 1.0% in September. Regional output in September declined 15.7% from a year earlier, and national output decreased 7.2%.
Three of the four regional industry sectors increased in September:
Regional auto sector production moved up 5.5%;
Regional steel sector output increased 1.3%;
Regional resource sector output rose 0.2%; and
Regional machinery sector output declined 1.8%.
Posted: October 26, 2009 Monday 12:00 PM