Midwest Manufacturing Output Falls in October
The Chicago Fed Midwest Manufacturing Index (CFMMI) fell 1.2% in October to a seasonally adjusted level of 148.4 (1992=100). Revised data show the index was down 0.9% to 150.1 in September. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was down 0.7% in October after falling 0.4% in September. October output in the region was 1.8% higher than a year earlier, while output in the nation was 1.3% higher.