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Chicago Fed Midwest Manufacturing Index essentially unchanged
The Chicago Fed Midwest Manufacturing Index (CFMMI) was essentially unchanged in June, at a seasonally adjusted level of 84.0 (2007 = 100). Revised data show the index increased 0.4% in May. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was also essentially unchanged in June. Regional output in June rose 7.1% from a year earlier, and national output increased 4.1%.
The regional steel and machinery sectors increased in June, while the resource and auto sectors decreased:
• Regional steel sector output increased 1.7%;
• Regional machinery sector production rose 1.0%;
• Regional resource sector output decreased 0.6%; and
• Regional auto sector production declined 1.3%.
Posted: July 27, 2011 Wednesday 08:30 AM