Chicago Fed Midwest Manufacturing Index Increased 2.4% in April to 94.2, Up From 67.9 in June 2009 (Chart)

Midwest manufacturing growth has been on fire since 2009. The trend looks good on the chart, but how high can the index go? According to the Chicago Fed's chart, both the U.S and Midwest manufacturing indexes are near their peaks in 2007/2008. Read the full report with more charts here (

"The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 2.4% in April, to a seasonally adjusted level of 94.2 (2007 = 100). Revised data show the index was down 0.3% in March. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) increased 0.6% in April. Regional output rose 12.0% in April from a year earlier, and national output increased 5.8%.

Production in three of the four regional sectors increased in April:

• Regional auto sector production rose 7.6%;
• Regional steel sector output increased 0.7%;
• Regional machinery sector production moved up 0.6%; and
• Regional resource sector output decreased 0.1%"

The CFMMI hit a low of 67.9 in June 2009 before reflation took hold. Look at the data here.

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