Midwest Manufacturing Output Moves Higher in January
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.7% in January, to a seasonally adjusted level of 113.7 (2002=100). Revised data shows the index rose 0.2% in December, to 112.9. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) also rose 0.7% in January. Regional output in January was 4.2% higher than a year earlier, lower than the nation’s 4.8% increase.