Midwest Manufacturing Output Increased in March
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.9% in March, to a seasonally adjusted level of 85.0 (2007 = 100). Revised data show the index increased 1.3% in February to 83.4. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) rose 0.7% in March. Regional output in March rose 12.5% from a year earlier, and national output increased 7.1%.