Chicago Fed Midwest Manufacturing Index, September 1998
Midwest Manufacturing Falls in September
The Chicago Fed Midwest Manufacturing Index (CFMMI) fell 0.9% from August to September to a level of 124.8 (1992=100); revised data show the index rose 3.3% in August. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) fell 0.4% in September after rising 1.8% in August. Output in the region was 2.2% above a year ago in September while the nation’s output was up 2.6%. The September decrease in the CFMMI was the third month-to-month decline in the past four months.