Chicago Fed Midwest Manufacturing Index February 2013

The Economy

Midwest Manufacturing Output Grows in February

April 8, 2013

Region outpaces national manufacturing production.

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.

Industryweek Com Sites Industryweek com Files Uploads 2013 04 Cfmmi Large Graph Feb 2013 0

Production in three sectors tracked by the Chicago Fed increased in February: machinery (1.7%), steel (1.6%) and resources (wood, paper, chemical, food and nonmetallic minerals) which was up 0.5%.

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

Call: 216-931-9281

Follow on Twitter: @SgMinterIW

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.