Midwest Manufacturing Rises in April
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.6% in April, to a seasonally adjusted level of 116.5 (2002=100). Revised data shows the index rose 0.8% in March, to 115.8. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) rose 0.7% in April. Regional output in April was 6.3% higher than a year earlier, slightly higher than the national output’s 5.9% increase.