Midwest Manufacturing Output Falls Sharply in August
The Chicago Fed Midwest Manufacturing Index (CFMMI) fell 1.9% from July to August, reaching a seasonally adjusted level of 151.0 (1992=100). Revised data show the index was at 154.0 in July and had risen 0.2% from June. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) fell by 1.0% in August after being unchanged in July. August output in the region was 10.9% lower than a year earlier, while output in the nation was down 5.5%.