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CHICAGO FED: MIDWEST MANUFACTURING IS STILL ROBUST

No signs of weakness in this month’s Chicago Fed Midwest Manufacturing Index.  This remains consistent with prior ISM reports which have all been displaying robust expansionary trends (via Chicago Fed):

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

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