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Chicago Fed Midwest Manufacturing Index increased 0.7%
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 0.7% in October, to a seasonally adjusted level of 80.9 (2007 = 100). Revised data show the index edged up 0.2% in September to 80.3. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.6% in October. Regional output in October rose 8.6% from a year earlier, and national output increased 6.7%.
All four of the regional sectors increased in October:
• Regional machinery sector production rose 1.5%;
• Regional steel sector output moved up 0.7%
• Regional auto sector output gained 0.5%; and
• Regional resource sector production increased 0.4%.
Posted: November 29, 2010 Monday 12:50 PM