Midwest Manufacturing Output Drops Slightly in September
The Chicago Fed Midwest Manufacturing Index (CFMMI) edged down 0.2% in September, to a seasonally adjusted level of 111.0 (1997=100). Revised data show the index rose slightly from 111.1 to 111.3 in August. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) dropped 0.5% in September. Regional output in September was 2.6% higher than a year earlier, lower than the nation’s 3.0% increase.