Midwest Manufacturing Output Rises in January
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.2% in January, to a seasonally adjusted level of 114.9 (1997=100). Revised data show the index increased 0.4% in December, to 114.6. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was up 0.3% in January. Regional output in January was 2.1% higher than a year earlier, comparable to the 2.2% growth experienced by the nation.