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Chicago Fed Midwest Manufacturing Index declined 1.6%
The Chicago Fed Midwest Manufacturing Index (CFMMI) decreased 1.6% in November, to a seasonally adjusted level of 96.4 (2002 = 100). Revised data show the index decreased 1.2% in October, to 98.0. The Federal Reserve Board’s industrial production index for manufacturing IPMFG) decreased 1.5% in November. Regional output in November was down 10.8% from a year earlier—lower than the 7.3% decrease in national output.
Three of the four regional industry sectors decreased in November:
Regional steel sector output declined 4.3%;
Regional machinery sector output moved down 2.0%;
Regional resource sector output decreased 1.9%; and
Regional auto sector production moved up 1.1%.
Posted: December 29, 2008 Monday 12:31 PM