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Chicago Fed Midwest Manufacturing Index increased 0.3%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 0.3% in December, to a seasonally adjusted level of 81.5 (2007 = 100). Revised data show the index increased 0.3% in November to 81.2. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) rose 0.4% in December. Regional output in December rose 8.3% from a year earlier, and national output increased 6.4%.
Three of the four regional sectors increased in December:
• Regional steel sector output increased 1.2%;
• Regional machinery sector production rose 0.5%;
• Regional resource sector output moved up 0.3%; and
• Regional auto sector production decreased 0.2%.
Posted: January 27, 2011 Thursday 08:30 AM