Manufacturing 2.0
Rock River Valley manufacturing experts discuss the many facets of manufacturing: technology, education, training, events, people and any other aspects of this important segment of our economy. They’ll use this blog to get the word out and solicit feedback on local and global manufacturing. They hope to better engage our employers, employees and our future work force and increase their understanding of manufacturing.

Midwest Manufacturing Output Drops in August

September 29th, 2008 at 03:15pm Bob Trojan

The Chicago Fed Midwest Manufacturing Index (CFMMI) is a monthly estimate by major industry of manufacturing output in the Seventh Federal Reserve District states of lllinois, Indiana, Iowa, Michigan, and Wisconsin. It is a composite index of 15 manufacturing industries that uses hours worked data to measure monthly changes in regional activity.

 Latest CFMMI Release

The Chicago Fed Midwest Manufacturing Index (CFMMI) declined 2.6% in August, to a seasonally adjusted level of 103.5 (2002 = 100). Revised data show the index increased 0.2% in July, to 106.2. (PDF,105KB)

More about the CFMMI
The CFMMI provides a regional comparison with the manufacturing component of the Industrial Production Index (IPMFG) compiled by the Federal Reserve Board. Although the IPMFG is constructed differently than the CFMMI, it also uses hours worked data as measures of industry output for about 60 percent of its total production index.

See the report here….

http://www.chicagofed.org/economic_research_and_data/files/cfmmi_august2008.pdf

Entry Filed under: Economy

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