Midwest Manufacturing Output Increased in July
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.8% in July, to a seasonally adjusted level of 95.6 (2007 = 100). Revised data show the index was up 0.9% in June. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.5% in July. Regional output rose 12.5% in July from a year earlier, and national output increased 5.2%.