The Chicago Fed Midwest Manufacturing Index moved up 04 in June and was 35 higher than in June 2012

The Economy

Midwest Factory Report Shows Increase in Output

July 29, 2013

Manufacturing ticks up in June after May decline.

Factory output in the Midwest increased 0.4% in June, the Chicago Fed reported today, as its monthly index increased to 96.0. The manufacturing index slightly outgained the Federal Reserve’s industrial production index, which showed an increase of 0.3% in June. Revised data showed the index was down 0.5% in May.

Production in all four sectors tracked by the Chicago Fed increased in June:

Machinery production rose 0.4%
Resource sector output moved up 0.4%
Steel output improved 0.3%, and
Auto sector production rose 0.1%

Compared to June 2012, regional output was up 3.5% while national manufacturing output was 2.1% higher. Midwest automotive output showed the strongest gain, up 7.3% in June compared to a year ago. While machinery production was up nationally by 2.3% compared to June 2012, Midwest output was down 1.1%.

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