Midwest Manufacturing Output Rises in September
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 2.7% in September, to a seasonally adjusted level of 110.0 (1997=100). This was the first monthly gain in Midwest manufacturing production since June, helping the CFMMI return near its February levels. Revised data show the index declined 1.1% in August, to 107.1. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.8% in September. September output in the region was 4.0% lower than a year earlier, while output in the nation was 0.6% below year-ago levels.