Midwest Manufacturing Output Increased in January
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 0.1% in January, to a seasonally adjusted level of 97.0 (2007 = 100). Revised data show the index was up 1.9% in December. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) moved down 0.3% in January. Regional output rose 6.4% in January from a year earlier, and national output increased 2.4%.