Midwest Manufacturing Output Increased in March
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 0.3% in March, to a seasonally adjusted level of 96.5 (2007 = 100). Revised data show the index was up 1.1% in February. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG), however, moved down 0.1% in March. Regional output rose 6.4% in March from a year earlier, and national output increased 2.9%.