Midwest Manufacturing Output Down in September
The Chicago Fed Midwest Manufacturing Index (CFMMI) fell 0.8% from August to September, reaching a seasonally adjusted level of 131.7 (1992=100). Revised data show the index hit a record high of 132.7 in August, and had risen 0.6% from July. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) decreased 0.2% in September, after increasing 0.5% in August. September output in the region was 3.3% higher than a year earlier, while output in the nation was 3.2% higher.