Midwest Manufacturing Output Rises in March
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 1.1% from February to March, reaching a seasonally adjusted level of 149.2 (1992=100). Revised data show the index was at 147.6 in February and had increased 0.3% from January. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) rose 0.8% in March after rising 0.2% in February. This was the third consecutive monthly increase for regional production. March output in the region was 6.0% lower than a year earlier, while output in the nation was down 2.7%.