Economy
November 30, 2013
Midwest Manufacturing Index (CFMMI) Improved to 97.4
Written by Peter Wright
The Chicago Fed Midwest Manufacturing Index (CFMMI) is a monthly estimate by major industry of manufacturing output in the Seventh Federal Reserve District states of Illinois, Indiana, Iowa, Michigan and Wisconsin. It is a composite index of 15 manufacturing industries that uses hours worked data to measure monthly changes in regional activity.
The three month moving average, (3MMA) of the composite index increased for the third straight month in October to 97.0, (2007 =100). The automotive component was up for the third month and steel for the fourth month (Figure 1 below).
