Midwest Manufacturing Output Rises Again in April
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.4% from March to April, reaching a seasonally adjusted level of 150.0 (1992=100). Revised data show the index was at 149.4 in March, an increase of 1.1% from February. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was up 0.3% in April after rising 0.5% in March. April marked the fourth consecutive monthly increase for regional production as well as the fourth consecutive month that CFMMI growth exceeded that of the nation. April output in the region was 2.7% lower than a year earlier, while output in the nation was down 1.9%.