Midwest Manufacturing Output Falls in July
The Chicago Fed Midwest Manufacturing Index (CFMMI) fell 0.6% in July, to a seasonally adjusted level of 115.1 (1997=100). Revised data show the index decreased 1.0% in June, to 115.8. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) rose 0.5% in July. Regional output in July was 5.8% higher than a year earlier, slightly larger than the nation’s 5.5% increase.