Midwest Manufacturing Index Unchanged in March
The Chicago Fed Midwest Manufacturing Index (CFMMI) was unchanged in March from its revised February level of 125.6 (1992=100). By comparison, the Federal Reserve Board’s industrial production index for manufacturing (IP-MFG) fell 0.2% in March from February. Output in the region was 3.6% above a year ago in March while the nation was up 4.4%. Two sectors in the region expanded in March.