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Index Shows Manufacturing Output Increased in December

January 28, 2013

This morning, the Federal Reserve Bank of Chicago released December 2012 figures for the Chicago Fed Midwest Manufacturing Index (CFMMI), an index that uses hours worked data as a measure of industry output in the Midwest region (IL, IN, IA, MI, WI).

The overall CFMMI increased 0.7% in December to a seasonally adjusted level of 94.7 (2007 = 100); also, revised data show that the index was up 2.0% between October (92.2) and November (94.1). Regional and national output increased in December from a year earlier by 6.2% and 2.7% respectively. Between November and December 2012, production in two of the four regional sectors increased:

  • +1.5% auto sector (plastics and rubber products, transportation equipment)
  • +0.7% steel sector (primary metal industries, fabricated metal products)
  • -0.1% resource sector (food, paper, wood products, chemicals and nonmetallic mineral products)
  • -0.3% machinery sector (machinery, computers, & electronic equipment, appliances and components manufacturing)

The full press release can be found online.


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