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Chicago Fed Midwest Manufacturing Index Increases in December

The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 0.3 percent in December, to a seasonally adjusted level of 81.5 (2007 = 100). Revised data show the index increased 0.3 percent in November to 81.2. The Federal Reserve Board's industrial production index for manufacturing (IPMFG) rose 0.4 percent in December. Regional output in December rose 8.3 percent from a year earlier, and national output increased 6.4 percent.

The region's steel sector output increased 1.2 percent in December after a 2.7 percent increase in the previous month. The nation's steel output increased 1.0 percent in December. Regional steel output was up 17.1 percent from its December 2009 level, and national steel output was up 11.4 percent.

The Midwest's machinery sector production rose 0.5 percent in December after increasing 1.1 percent in November. The nation's machinery production increased 1.0 percent in December. Regional machinery output in December was up 11.6 percent from its year-earlier level, and national machinery output was up 12.6 percent.

The Midwest resource sector's output moved up 0.3 percent in December after increasing 0.5 percent in the previous month. The national resource sector's output increased 0.4 percent in December. The food and chemical subsectors of the regional resource sector increased from November to December, while the wood, paper, and nonmetallic subsectors decreased. Compared with a year ago, regional resource output was up 6.3 percent in December and national resource output was up 4.0 percent.

The region's auto sector production decreased 0.2 percent in December after declining 2.3 percent in November. National auto output edged higher 0.1 percent in December. The Midwest's automotive output was up 6.0 percent in December relative to its year-ago level, and national automotive output was up 3.9 percent.

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