Auto Strikes Put Brakes on Midwest Manufacturing Index
The Chicago Fed Midwest Manufacturing Index (CFMMI) fell 1.2% from May to June, to a level of 125.0 (1992=100); revised data show the index unchanged in May. The Federal Reserve Board’s industrial production index for manufacturing (IP-MFG) fell by 0.6% in June from May, after being unchanged in May. Output in the region was 2.9% above a year ago in June while the nation’s output was up 3.8%.
