Midwest Manufacturing Output Rises Again in February
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.5% from January to February, reaching a seasonally adjusted level of 148.0 (1992=100). Revised data show the index was at 147.3 in January and increased 0.4% from December. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was up 0.3% in February, matching the increase in January. February output in the region was 7.6% lower than a year earlier, while output in the nation was down 4.1%.