Midwest Manufacturing Output Edges Higher in July
The Chicago Fed Midwest Manufacturing Index (CFMMI) edged up 0.1% in July, to a seasonally adjusted level of 110.7 (1997=100). Revised data shows the index rose 0.1% in June, to 110.5. The Federal Reserve Board's industrial production index for manufacturing (IPMFG) rose 0.2% in July. Regional output in July was 2.7% higher than a year earlier, slightly lower than the nation’s 2.9% increase.