Midwest Manufacturing Output Growth Slows in March
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.1% from February to March, reaching a seasonally adjusted level of 137.2 (1992=100). Revised data show the index was at 137.1 in February, and had risen 0.3% from January. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.4% in March, after rising 0.1% in February. March output in the region was 4.9% higher than a year earlier, while output in the nation was 5.7% higher.