Midwest Manufacturing Output Rises in June
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.5% in June, to a seasonally adjusted level of 119.1 (1997=100). Revised data show the index rose 0.3% in May, to 118.6. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) rose 0.4% in June. Regional output in June was 2.5% higher than a year earlier, lower than the nation’s 3.7% increase.