Midwest Manufacturing Output Rises in October
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 1.8% in October, to a seasonally adjusted level of 118.2 (1997=100). Revised data show the index decreased 1.0% in September, to 116.1. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) rose a more moderate 0.7% in October. Regional output in October was 6.0% higher than a year earlier, slightly more than the nation’s 5.7% increase.