Midwest Manufacturing Output Falls in November
The Chicago Fed Midwest Manufacturing Index (CFMMI) decreased 1.6% in November, to a seasonally adjusted level of 96.4 (2002 = 100). Revised data show the index decreased 1.2% in October, to 98.0. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) decreased 1.5% in November. Regional output in November was down 10.8% from a year earlier—lower than the 7.3% decrease in national output.