Midwest Manufacturing Output Edges Up
The Chicago Fed Midwest Manufacturing Index (CFMMI) edged up 0.1% in December, to a seasonally adjusted level of 104.7 (2002 = 100). Revised data show the index also increased 0.1% in November, to 104.6. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was unchanged in December. Regional output in December was 0.1% lower than a year earlier, below the 1.2% increase in national output.