Midwest Manufacturing Output Falls in August
The Chicago Fed Midwest Manufacturing Index (CFMMI) fell 0.2% in August, to a seasonally adjusted level of 107.7 (1997=100). It was the seventh consecutive monthly decline in Midwest manufacturing production. Revised data show the index declined 0.1%, to 107.8 in July. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) fell 0.1% in August. August output in the region was 6.0% lower than a year earlier, while output in the nation was 1.6% below year-ago levels.