Chicago Fed factory index rises in September

Biz.Yahoo/Reuters ^ | November 10, 2003

[Starwind]

Chicago Fed factory index rises in September
Monday November 10, 12:00 pm ET

 NEW YORK, Nov 10 (Reuters) - The Chicago Federal Reserve
Bank said on Monday its Midwest manufacturing index rose in
September for the first time since June, suggesting the
broad-based U.S. economic recovery may be reaching the
country's factory segment.
 The Chicago Fed's manufacturing index ticked up 2.7 percent
to 110.0 in September from a downwardly revised 107.1 in
August.
 Compared with a year earlier, output in the Midwest was
down 4.0 percent, while national output was 0.6 percent
below year-ago levels.
 Factory output in the automotive sector increased sharply,
by 7.1 percent in September, leading all other segments.
Machinery output, the second-highest rise, was up 1.1 percent.
 The Chicago Fed Midwest Manufacturing Index is a monthly
estimate of manufacturing output in the region by major
industries. The survey covers the five states that make up the
seventh Federal Reserve district: Illinois, Indiana, Iowa,
Michigan and Wisconsin.
 Following is a breakdown of the index components:
.          Percent change:
.          Sept   Aug  Sept 02/03
CFMMI      +2.7  -1.1   -4.0
Auto       +7.1  -3.0   -1.6
Steel      +0.3  +0.1   -7.4
Machinery  +1.1  +1.4   -3.2
Resources: -0.2  -1.3   -5.4
 Index (1997=100)
.           Sept    Aug
CFMMI      110.0  107.1
Auto       155.8  145.5
Steel       96.1   95.8
Machinery   92.4   91.4
Resources:  95.2   95.4

[Starwind]

The full FRB Chicago CFMMI report is at Chicago Fed Midwest Manufacturing Index - September

[Starwind]

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