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Chicago Fed Midwest Manufacturing Index, June 2003
Midwest Manufacturing Output Falls in June
The Chicago Fed Midwest Manufacturing Index (CFMMI) fell 0.2% in June, to a seasonally adjusted level of 97.0 (1997=100). Revised data show the index declined 0.5%, to 97.2 in May. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) rose 0.4% in June. While June marked the second consecutive monthly increase in factory output for the nation, it was the third consecutive monthly decline in Midwest manufacturing production. June output in the region was 4.9% lower than a year earlier, while output in the nation was 1.2% below year-ago levels.
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