Midwest Manufacturing Output Growth Continues in July
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.4% from June to July, reaching a seasonally adjusted level of 168.2 (1992=100). Revised data show the index was at 167.5 in June, and had risen 0.8% from May. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.5% in July, after rising 0.4% in June. July output in the region was 8.2% higher than a year earlier, while output in the nation was 6.8% higher.