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 Boardfs 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%. 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%|