Midwest Manufacturing Output Increased in March
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 0.3% in March, to a
seasonally adjusted level of 96.5 (2007 = 100). Revised data show the index was up 1.1% in
February. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG), however, moved down 0.1% in March. Regional output rose 6.4% in March from a year earlier, and national output increased 2.9%.
*Production in three of the four regional sectors increased in March:
*Regional auto sector production rose 1.2%;
*Regional resource sector output improved 0.4%;
*Regional machinery sector production moved up 0.1%; and
Regional steel sector output declined 1.1%
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