The Chicago Fed Midwest Manufacturing Index (CFMMI) declined 1.1% in April to a seasonally adjusted level of 81.0 (2002 = 100). Revised data show the index decreased 2.9% in March to 81.8.
The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) edged down 0.2% in April. Regional output in April was down 22.7% from a year earlier – lower than the 14.3% decrease in national output.
The region’s steel sector output declined 3.4% in April after dropping 6.1% in March. The nation’s steel output was down 1.8%. Regional steel output dropped 36.0% from its April 2008 level, and national steel output fell 25.3%.
Regional auto sector production moved down 2.0% in April after decreasing 0.8% in March. The …
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