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Chicago Fed Midwest Manufacturing Index increased 0.6%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 0.6% in May, to a seasonally adjusted level of 84.0 (2007 = 100). Revised data show the index decreased 0.9% in April to 83.6. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.4% in May. Regional output in May rose 7.1% from a year earlier, and national output increased 4.1%.
The regional steel, machinery, and auto sectors increased in May, while the resource sector decreased:
• Regional steel sector output increased 1.6%;
• Regional machinery sector production rose 1.1%;
• Regional auto sector production improved 0.8%; and
• Regional resource sector output decreased 0.5%.
Posted: June 27, 2011 Monday 08:30 AM