Midwest Manufacturing Output Increased in March
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.3% in March, to a seasonally adjusted level of 84.1 (2002 = 100). Revised data show the index ticked down 0.1% in February to 83.1. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.9% in March. Regional output in March edged up 4.7% from a year earlier, and national output increased 5.1%.