The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.7% in May, to a seasonally adjusted level of 86.7 (2002 = 100). Revised data show the index rose 1.3% in April to 85.2. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.8% in May. Regional output in May rose 13.2% from a year earlier, and national output increased 8.4%.