Midwest Manufacturing Index Gains in July 2011

August 30th, 2011
in econ_news

Econintersect:  Although the economy is in a soft patch, not everything is moving down.  The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 0.5% in July.

Revised data also shows the index increased 0.3% in June. The Federal Reserve Board’s Industrial Production (IP) increased 0.6% in July. Regional output in July rose 6.2% from a year earlier, and national IP increased 4.2%.   

Follow up:


The regional auto, steel, and resource sectors increased in July, while the machinery sector decreased:

  • Regional auto sector production increased 1.4%
  • Regional steel sector output rose 1.4%;
  • Regional resource sector output moved up 0.2%; and
  • Regional machinery sector production decreased 0.3%.



source: Chicago Fed

 















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