Midwest Manufacturing Output Increases in January
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.6% from December to January, reaching a seasonally adjusted level of 136.4 (1992=100). Revised data show the index was at 135.5 in December, and had risen 0.2% from November. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.9% in January, after rising 0.2% in December. January output in the region was 4.9% higher than a year earlier, while output in the nation was 5.8% higher.