Chicago Area Manufacturing Continues to Outperform Overall USA Industrial Production in March 2011

April 27th, 2011
in econ_news

Econintersect: Chicago manufacturing continues to outperform the national average according to the Chicago Fed's Midwest Manufacturing Index (CFMMI) in March 2011.

The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.9% in March, to a seasonally adjusted level of 85.0 (2007 = 100). Revised data show the index increased 1.3% in February to 83.4. The Federal Reserve Boardfs industrial production index for manufacturing (IPMFG) rose 0.7% in March. Regional output in March rose 12.5% from a year earlier, and national output increased 7.1%.

Follow up:

All four regional sectors increased in March:

  • Regional auto sector production increased 4.7%;
  • Regional steel sector output rose 2.3%;
  • Regional machinery sector production moved up 1.6%; and
  • Regional resource sector output improved 0.9%.

Percent Change From:

Manufacturing Output Indexes 1 month ago 3 months ago 1 year ago
Chicago Fed Midwest Manufacturing Index 1.9% 5.2% 12.5%
US Industrial Production](IP) 0.7% 2.2% 7.1%

source: Chicago Fed

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