Midwest Manufacturing Output Growth Continues its Recovery in February
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.3% from January to February, reaching a seasonally adjusted level of 137.6 (1992=100). Revised data show the index was at 137.2 in January, and had risen 0.8% from December. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) also increased 0.3% in February, after rising 1.0% in January. February output in the region was 5.5% higher than a year earlier, while output in the nation was 5.9% higher.