Midwest Manufacturing Output Rises in January
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.3% from December to January, reaching a seasonally adjusted level of 146.1 (1992=100). Revised data show the index was at 145.6 in December and declined 0.3% from November. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was unchanged in January after decreasing 0.4% in December. January output in the region was 9.5% lower than a year earlier, while output in the nation was down 5.1%.