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Chicago Fed Midwest Manufacturing Index Increased 1.6%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.6% in November, to a seasonally adjusted level of 93.7 (2007 = 100). Revised data show the index was down 1.1% in October. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) moved up 1.1% in November. Regional output rose 7.3% in November from a year earlier, and national output increased 3.1%.
Production in all four of the regional sectors increased in November:
• Regional auto sector production rose 3.6%;
• Regional steel sector output increased 0.9%;
• Regional resource sector output improved 0.7%; and
• Regional machinery sector production moved up 0.2%.
Posted: December 27, 2012 Thursday 08:30 AM