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Chicago Fed Midwest Manufacturing Index increased 0.5%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 0.5% in July, to a seasonally adjusted level of 84.8 (2007 = 100). Revised data show the index increased 0.3% in June. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.6% in July. Regional output in July rose 6.2% from a year earlier, and national output increased 4.2%.
The regional auto, steel, and resource sectors increased in July, while the machinery sector decreased:
• Regional auto sector production increased 1.4%
• Regional steel sector output rose 1.4%;
• Regional resource sector output moved up 0.2%; and
• Regional machinery sector production decreased 0.3%.
Posted: August 29, 2011 Monday 08:30 AM