Midwest Manufacturing Output Fell in March
The Chicago Fed Midwest Manufacturing Index (CFMMI) fell 2.4% in March, to a seasonally adjusted level of 82.0 (2002 = 100). Revised data show the index decreased 0.4% in February, to 84.0. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) fell 1.7% in March. Regional output in March was down 23.2% from a year earlier—lower than the 14.9% decrease in national output.