Midwest Manufacturing Output Was Down in April
The Chicago Fed Midwest Manufacturing Index (CFMMI) was down 1.1% in April, to a seasonally adjusted level of 81.0 (2002 = 100). Revised data show the index decreased 2.9% in March, to 81.8. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) edged down 0.2% in April. Regional output in April was down 22.7% from a year earlier—lower than the 14.3% decrease in national output.