The Federal Reserve Bank of Chicago has released November 2011 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 decreased 0.1% in November to a seasonally adjusted level of 85.8, down from 85.9 in October (2007 = 100); also, revised data show the index rose 1.0% between September (85.0) and October (85.9). Regional and national output increased in November from a year earlier by 7.1% and 4.2% respectively. Between October and November 2011, there was positive movement in two of the four regional sectors:
- +0.3% auto sector (plastics and rubber products, transportation equipment)
- +1.6% steel sector (primary metal industries, fabricated metal products)
- -0.8% resource sector (food, paper, wood products, chemicals and nonmetallic mineral products)
- -0.3% machinery sector (machinery, computers, & electronic equipment, appliances and components manufacturing)
Source: Federal Reserve Bank of Chicago
The full press release can be found online.
