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Chicago Fed Midwest Manufacturing Index increased 0.1%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 0.1% in September, to a seasonally adjusted level of 80.2 (2007 = 100). Revised data show the index fell 1.3% in August to 80.1. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) edged down 0.1% in September. Regional output in September rose 8.4% from a year earlier, and national output increased 5.9%.
Two of the four regional sectors increased in September:
• Regional auto sector output rose 0.9%;
• Regional resource sector production increased 0.8%
• Regional machinery sector production decreased 1.2%; and
• Regional steel sector output fell 1.3%.
Posted: October 27, 2010 Wednesday 12:00 PM