Midwest Manufacturing Output Edges Down in October
The Chicago Fed Midwest Manufacturing Index (CFMMI) slipped 0.6% in October, to a seasonally adjusted level of 105.1 (2002 = 100). Revised data show the index increased 0.3% in September, to 105.7. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was down 0.3% in October. Regional output in October was 1.0% higher than a year earlier, below the 2.4% increase in national output.