Midwest Manufacturing Output Rises in June
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.7% in June, to a seasonally adjusted level of 107.0 (2002=100). Revised data show the index fell 0.1% in May, to 106.2. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) also rose 0.7% in June. Regional output in June was 5.7% higher than a year earlier, lower than the national output’s 5.9% increase.