Midwest Manufacturing Output Rises in July
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.6% in July, to a seasonally adjusted level of 106.0 (2002 = 100). Revised data show the index increased 0.4% in June, to 105.3. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was up 0.5% in July. Regional output in July was 0.5% higher than a year earlier, below the 1.9% increase in national output.