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Chicago Fed Midwest Manufacturing Index increased 0.5%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 0.6% in August, to a seasonally adjusted level of 85.0 (2007 = 100). Revised data show the index increased 0.3% in July. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.4% in August. Regional output in August rose 7.6% from a year earlier, and national output increased 4.2%.
Production in three of the four regional sectors increased in August:
• Regional machinery sector production increased 1.4%;
• Regional auto sector production moved up 0.8%;
• Regional steel sector output rose 0.8%; and
• Regional resource sector output decreased 0.1%.
Posted: September 27, 2011 Tuesday 08:30 AM