Midwest Manufacturing Output Moves Higher in August
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.3% in August, to a seasonally adjusted level of 111.1 (1997=100). Revised data shows the index rose 0.2% in July, to 110.8. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) rose 0.3% in August. Regional output in August was 1.9% higher than a year earlier, lower than the nation’s 3.0% increase.