Midwest Manufacturing Output Rises in June
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.1% in June, to a seasonally adjusted level of 106.0 (2002 = 100). Revised data show the index decreased 0.8% in May, to 104.8. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) edged up 0.2% in June. Regional output in June was 1.9% lower than a year earlier, below the 0.4% decrease in national output.