Research >> Economics
Chicago Fed Midwest Manufacturing Index increased 1.2%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.2% in November, to a seasonally adjusted level of 84.2 (2002 = 100). Revised data show the index rose 0.8% in October to 83.2. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was up by 1.1% in November. Regional output in November declined 10.0% from a year earlier, and national output decreased 4.4%.
All four regional industry sectors increased in November:
• Regional steel sector output rose 2.5%;
• Regional auto sector production increased 1.1%;
• Regional resource sector output grew 0.9%; and
• Regional machinery sector output moved up 0.7%.
Posted: December 28, 2009 Monday 12:00 PM