The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.3% from April to May,
reaching a seasonally adjusted level of 164.9 (1992=100). Revised data show the index was at
164.5 in April, up 0.6% from March. The Federal Reserve Board’s industrial production index
for manufacturing (IPMFG) increased 0.3% in May, after rising 0.6% in April. May output in
the region was 8.0% higher than a year earlier, while output in the nation was 6.2% higher.