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Chicago Fed Midwest Manufacturing Index Unch%
The Chicago Fed Midwest Manufacturing Index (CFMMI) was unchanged in March, at a seasonally adjusted level of 92.2 (2007 = 100). Revised data show the index was up 1.6% in February. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) decreased 0.2% in March. Regional output in March rose 8.6% from a year earlier, and national output increased 5.0%.
Production in three of the four regional sectors decreased in March:
• Regional auto sector production declined 0.3%;
• Regional resource sector output decreased 0.2%;
• Regional steel sector output moved down 0.1%; and
• Regional machinery sector production rose 0.6%.
Posted: April 30, 2012 Monday 09:52 AM