Chicago Fed Midwest Manufacturing Index rises
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.9% in January, to a seasonally adjusted level of 83.1.
Revised data show the index decreased 0.5% in December to 81.5. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 1.0% in January. Regional output in January edged up 0.6% from a year earlier, and national output increased 2.1%.
Regional auto sector production rose 4.5% in January after decreasing 0.8% in December. The machinery sector output moved up 1.4% in January after increasing 0.7% in December. The region’s steel sector output increased 1.3% in January after rising 2.2% in December. The Midwest resource sector’s output moved up 1.3% in January after decreasing 1.4% in December.
Click here to access the Industrial Supply magazine Resource Library on current Federal Reserve District Manufacturing Surveys.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
