Tuesday, September 27, 2011

Chicago Fed Manufacturing Index Improves in Aug.

"The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 0.6% in August, to a seasonally adjusted level of 85.0 (see chart). Revised data show the index increased 0.3% in July. Regional manufacturing output in August rose 7.6% from a year earlier, and national output increased 4.2%.

The Midwest’s automotive output was up 10.3% in August relative to its year-ago level, and national automotive output was up 7.2%. Regional steel output was up 17.1% from its August 2010 level, and national steel output was up 10.3%."

MP: The CFMMI increased for the fourth straight month in August, and except for April has increased in each of the last 12 months.  The August level of 85.0 was the highest monthly index in almost three years, since October 2008. 


At 9/27/2011 8:37 AM, Blogger morganovich said...


meanwhile, the average of all the fed surveys continued to decline and is now deep in negative territory.

At 9/27/2011 10:31 AM, Blogger Buddy R Pacifico said...

From Chicago-based Prime Advantage Corp., a buying consortium for industrial manufacturers (small to mid-sized) in their most recent mid-sized survey:

"...data suggests that confidence is picking up within midsized manufacturers, who are anticipating growth in revenue, employment and capital spending through the rest of 2011."

BUT..."... retain deep concerns over the rising costs for raw materials, logistics and fears of growing inflation."

BTW, 65% of respondents to the survey plan to purchase new equipment, BUT one of the potential obstacles is "understaff ing in purchasing departments", at the companies surveyed!

At 9/27/2011 11:32 AM, Blogger Benjamin Cole said...

Better, but a long, long, long way to go up.....


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