Midwest Manufacturing Index Rises in April
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.3% in April from March to a level of 125.7 (1992=100), following a revised decrease of 0.2% in March. By comparison, the Federal Reserve Board’s industrial production index for manufacturing (IP-MFG) also rose by 0.3% in April from March, after also falling by 0.2% in March. Output in the region was 3.0% above a year ago in April while the nation’s output was up 4.3%.