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Chicago Fed Midwest Manufacturing Index Increases 1.3% in February

The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.3 percent in February, to a seasonally adjusted level of 83.3 (2007 = 100). Revised data show the index increased 1.8 percent in January to 82.2. The Federal Reserve Board's industrial production index for manufacturing (IPMFG) rose 0.7 percent in February. Regional output in February rose 11.7 percent from a year earlier, and national output increased 7.4 percent.

The region's auto sector production increased 3.5 percent in February after rising 4.2 percent in January. National auto output rose 2.2 percent in February. The Midwest's automotive output was up 16.0 percent in February relative to its year-ago level, and national automotive output was up 8.9 percent.

The region's steel sector output rose 0.8 percent in February after a 2.3 percent increase in the previous month. The nation's steel output was down 0.3 percent in February. Regional steel output was up 19.8 percent from its February 2010 level, and national steel output was up 12.5 percent.

The Midwest's machinery sector production moved up 0.7 percent in February after increasing 2.4 percent in January. The nation's machinery production increased 0.9 percent in February. Regional machinery output in February was up 16.8 percent from its year-earlier level, and national machinery output was up 15.0 percent.

The Midwest resource sector's output fell 0.2 percent in February after decreasing by the same percentage in the previous month. The national resource sector's output also declined 0.2 percent in February. The wood and paper subsectors of the regional resource sector increased from January to February, while the food, chemical, and nonmetallic subsectors decreased. Compared with a year ago, regional resource output was up 3.4 percent in February and national resource output was up 2.4 percent. Download the pdf below for more detail.

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