Chicago Fed Midwest Manufacturing Index, February 1998
Midwest Manufacturing Index Falls in February
The Chicago Fed Midwest Manufacturing Index (CFMMI) declined in February for the first time in five months, falling to 126.1 (1992=100). The index decreased 0.9% from January to February, following a revised 0.3% increase in January. By comparison, the Federal Reserve Board’s industrial production index for manufacturing (IP-MFG) was unchanged at 131.3 in February. Output in the region was 4.4% above a year ago in February while the nation was up 5.5%.