Midwest Manufacturing Output Increased in January
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.9% in January, to a seasonally adjusted level of 83.1 (2002 = 100). Revised data show the index decreased 0.5% in December to 81.5. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 1.0% in January. Regional output in January edged up 0.6% from a year earlier, and national output increased 2.1%.