Chicago Fed Midwest Manufacturing Index, December 2003
Midwest Manufacturing Output Up Sharply in December
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 2.0% in December, to a
seasonally adjusted level of 115.9 (1997=100). Revised data show the index also increased
2.0% in November, to 113.7. The Federal Reserve Board’s industrial production index for
manufacturing (IPMFG) was up 0.3% in December. Regional output during December was
2.9% higher than a year earlier, the first month since January 2003 that output exceeded
year-earlier levels. Output in the nation was 2.7% above year-ago levels.