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Chicago Fed Midwest Manufacturing Index increased 0.7%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 0.7% in October, to a seasonally adjusted level of 85.5 (2007 = 100). Revised data show the index increased 0.2% in September. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.5% in October. Regional output in October rose 7.3% from a year earlier, and national output increased 4.5%.
Production in three of the four regional sectors increased in October:
• Regional auto sector production increased 2.3%;
• Regional resource sector output rose 0.5%;
• Regional machinery sector production moved up 0.3%; and
• Regional steel sector output decreased 0.4%.
Posted: November 28, 2011 Monday 08:30 AM