Midwest Manufacturing Output Declines in October
The Chicago Fed Midwest Manufacturing Index (CFMMI) declined 1.0% in October, to a seasonally adjusted level of 98.6 (2002 = 100). Revised data show the index decreased 3.6% in September, to 99.5. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) edged up 0.6% in October. Regional output in October was 8.3% lower than a year earlier—below the 5.2% decrease in national output.