Midwest Manufacturing Output Increased in January
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.1% in January, to a seasonally adjusted level of 84.1 (2007 = 100). Revised data show the index increased 0.7% in December to 83.2. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) rose 0.3% in January. Regional output in January rose 9.2% from a year earlier, and national output increased 6.0%.