Value Added: Midwest Factories Renew Their Decline
NewAmericanCont... - September 30, 2009 - 1:46pm
Last month, we reported that the Chicago Fed's Midwest Manufacturing Index (CFMMI) rose in July for the first time in 12 months. That party didn't last long, however. The Midwest's factories renewed their decline in August, driven by shaky consumer confidence, a worsening labor market, and, in particular, the end of ARRA's "cash for clunkers" program...
