Midwest Manufacturing Output Declines in August
The Chicago Fed Midwest Manufacturing Index (CFMMI) fell 0.6% from July to August, reaching a seasonally adjusted level of 166.9 (1992=100). Revised data show the index was at 168.0 in July, and had risen 0.1% from June. By comparison, the Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.1% both in August and July. August output in the region was 7.1% higher than a year earlier, while output in the nation was 6.2% higher.