Midwest Manufacturing Output Rises in December
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 1.2% in December, to a seasonally adjusted level of 120.8 (1997=100). Revised data show the index edged down 0.1% in November, to 119.3. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) rose 0.6% in December. Regional output in December was 4.9% higher than a year earlier, a bit lower than the nation’s 5.1% increase.