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Chicago Fed Midwest Manufacturing Index declined 1.1%
The Chicago Fed Midwest Manufacturing Index (CFMMI) was down 1.1% in April, to a seasonally adjusted level of 81.0 (2002 = 100). Revised data show the index decreased 2.9% in March, to 81.8. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) edged down 0.2% in April. Regional output in April was down 22.7% from a year earlier—lower than the 14.3% decrease in national output.
Three of the four regional industry sectors decreased in April:
Regional steel sector output declined 3.4%;
Regional auto sector production moved down 2.0%;
Regional machinery sector output decreased 1.8%; and
Regional resource sector output rose 0.5%.
Posted: May 28, 2009 Thursday 12:00 PM