• Print
  • Email

Chicago Fed Midwest Manufacturing Index, February 1997
Strong Gain Pushes Index to Record High
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 1.1 percent in February, to a record level, rebounding from January’s 0.2 percent decline. By comparison, the Federal Reserve Board’s industrial production index for manufacturing increased by a slightly slower 0.8 percent for the same period. For the first time since June 1996, all sectors of the CFMMI posted positive monthly growth. In addition, with the exception of the machinery sector, all other sectors in the region’s index outperformed the nation’s index. The growth in the region’s machinery sector has lagged the nation’s growth for the past six months. In particular, industrial machinery and equipment, a component of the machinery sector and the region’s second largest manufacturing industry, has underperformed its national counterpart for a year.
Having trouble accessing something on this page? Please send us an email and we will get back to you as quickly as we can.

Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

Copyright © 2020. All rights reserved.

Please review our Privacy Policy | Legal Notices