Midwest Manufacturing Output Falls in August
The Chicago Fed Midwest Manufacturing Index (CFMMI) fell 0.6% in August, to a seasonally adjusted level of 107.3 (2002=100). Revised data show the index rose 0.9% in July, to 107.9. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was unchanged in August. Regional output in August was 5.5% higher than a year earlier, slightly lower than the national output’s 5.6% increase.