Chicago Fed Manufacturing Index Improves in October 2011

November 28th, 2011
in econ_news

Econintersect: The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 0.7% month-over-month in October 2011. Econintersect analysis has determined that year-over-year Federal Reserves Industrial Production (IP) index growth has been flat for the last five months - and IP was headlined for October 2011 with a 0.7% month-over-month gain also.

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

  • Regional machinery sector production increased 0.3%;
  • Regional auto sector production moved up 2.3%;
  • Regional steel sector output declined 0.4%; and
  • Regional resource sector output increased 0.5%.

Follow up:

source: Chicago Fed


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