Strong Auto Sector Output Drives Midwest Manufacturing Gain in March
Last Updated: 05/11/99
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.3% from February to March, to a seasonally adjusted level of 129.8 (1992=100); revised data show the index fell 0.1% in February. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was unchanged in March after having risen by 0.3% the prior month. March output in the region was 1.5% higher than a year earlier, while the nation’s output was up 2.2%.