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Chicago Fed Midwest Manufacturing Index Increased 1.0%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.0% in February, to a seasonally adjusted level of 91.7 (2007 = 100). Revised data show the index was up 2.1% in January. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.4% in February. Regional output in February rose 10.1% from a year earlier, and national output increased 5.4 %.
Production in three of the four regional sectors improved in February:
• Regional auto sector production increased 2.2%;
• Regional machinery sector production rose 1.2%;
• Regional steel sector output moved up 0.9%; and
• Regional resource sector output decreased 0.2%.
Posted: April 9, 2012 Monday 08:30 AM