The Chicago Fed Midwest Manufacturing Index (CFMMI) continued to edge up in February, reaching 96.3 (2007 = 100). The measure of manufacturing production increased 0.8%, following a revised 0.4% increase in January, and outpaced the Federal Reserve’s national production index increase of 0.6%.
Manufacturing production in the Midwest was 5.9% higher in February than a year earlier. National output was 2.4% higher in February than the year before.
Auto production decreased 0.1% in February in the region after increasing 1.9% in January. Compared to February 2012, auto production was up 12.4%, while national auto output was up 5.7%.
About the Author
Steve Minter
Steve Minter, Executive Editor
Focus: Leadership, Global Economy, Energy
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An award-winning editor, Executive Editor Steve Minter covers leadership, global economic and trade issues and energy, tackling subject matter ranging from CEO profiles and leadership theories to economic trends and energy policy. As well, he supervises content development for editorial products including the magazine, IndustryWeek.com, research and information products, and conferences.
Before joining the IW staff, Steve was publisher and editorial director of Penton Media’s EHS Today, where he was instrumental in the development of the Champions of Safety and America’s Safest Companies recognition programs.
Steve received his B.A. in English from Oberlin College. He is married and has two adult children.