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Chicago Fed Midwest Manufacturing Index Increased 2.4%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 2.4% in April, to a seasonally adjusted level of 94.2 (2007 = 100). Revised data show the index was down 0.3% in March. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.6% in April. Regional output rose 12.0% in April from a year earlier, and national output increased 5.8%.
Production in three of the four regional sectors increased in April:
• Regional auto sector production rose 7.6%;
• Regional steel sector output increased 0.7%;
• Regional machinery sector production moved up 0.6%; and
• Regional resource sector output decreased 0.1%.
Posted: May 29, 2012 Tuesday 08:30 AM