Midwest Manufacturing Index Falls in February
The Chicago Fed Midwest Manufacturing Index (CFMMI) declined in February for the first time in five months, falling to 126.1 (1992=100). The index decreased 0.9% from January to February, following a revised 0.3% increase in January. By comparison, the Federal Reserve Board’s industrial production index for manufacturing (IP-MFG) was unchanged at 131.3 in February. Output in the region was 4.4% above a year ago in February while the nation was up 5.5%.
