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Chicago Fed Midwest Manufacturing Index increased 1.9%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.9% in January, to a seasonally adjusted level of 83.1 (2002 = 100). Revised data show the index decreased 0.5% in December to 81.5. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 1.0% in January. Regional output in January edged up 0.6% from a year earlier, and national output increased 2.1%.
All four sectors increased in January:
• Regional auto sector production rose 4.5%;
• Regional machinery sector production grew 1.4%;
• Regional steel sector output increased 1.3%; and
• Regional resource sector output also increased 1.3%.
Posted: March 18, 2010 Thursday 12:00 PM