Midwest Manufacturing Output Rises in November
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.5% in November, to a seasonally adjusted level of 105.0 (2002 = 100). Revised data show the index decreased 1.1% in October, to 104.5. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was also up 0.5% in November. Regional output in November was 1.3% higher than a year earlier, below the 2.5% increase in national output.