Chicago Fed Manufacturing Index Improves in August 2011

September 27th, 2011
in econ_news

Econintersect:  The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 0.6% in August 2011, and remains in lockstep with the Federal Reserves Industrial Production (IP) index for the last 3 months.   Econintersect analysis has determined that year-over-year IP growth has been flat for the last four months.

Production in three of the four regional sectors increased in August:

  • Regional machinery sector production increased 1.4%;
  • Regional auto sector production moved up 0.8%;
  • Regional steel sector output rose 0.8%; and
  • Regional resource sector output decreased 0.1%.

Follow up:

source: Chicago Fed


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