Midwest Manufacturing Output Rises in December
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.6% in December 2006, to a seasonally adjusted level of 104.5 (2002 = 100). Revised data show the index fell 0.2% in November, to 103.9. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was up 0.7% in December. Regional output in December was 1.8% higher than a year earlier, lower than the 3.5% increase in national output.