The Federal Reserve Bank of Chicago released June 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 1.1% in June to a seasonally adjusted level of 94.1 (2007 = 100); also, revised data show that the index was down 1.4% between April (94.4) and May (93.0). Regional and national output increased in June from a year earlier by 11.0% and 5.6% respectively. Between May and June 2012, there was positive movement in all four regional sectors:
- +2.9% machinery sector (machinery, computers, & electronic equipment, appliances and components manufacturing)
- +0.7% auto sector (plastics and rubber products, transportation equipment)
- +0.5% resource sector (food, paper, wood products, chemicals and nonmetallic mineral products)
- +0.4% steel sector (primary metal industries, fabricated metal products)
The full press release can be found online.