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Chicago Fed Midwest Manufacturing Index Up Slightly in September

The Chicago Fed Midwest Manufacturing Index increased 0.1 percent in September, to a seasonally adjusted level of 80.2 (2007 = 100). Revised data show the index fell 1.3 percent in August to 80.1. The Federal Reserve Board’s industrial production index for manufacturing edged down 0.1 percent in September. Regional output in September rose 8.4 percent from a year earlier, and national output increased 5.9 percent.

Two of the four regional sectors increased in September:

The region’s auto sector production rose 0.9 percent after declining 7.8 percent in August. National auto output edged down 0.2 percent. The Midwest’s automotive output was up 10.0 percent in September relative to its year-ago level, and national automotive output was up 3.6 percent.

The Midwest resource sector’s output increased 0.8 percent in September after gaining 2.1 percent in August. The national resource sector’s output grew 0.4 percent in September. The food, chemical, and wood production subsectors of the regional resource sector increased from August to September, while the nonmetallic subsector decreased and the paper subsector remained flat. Compared with a year ago, regional resource output was up 6.3 percent in September, and national resource output was up 3.6 percent.

The Midwest’s machinery sector production decreased 1.2 percent in September after edging down 0.2 percent in August. The nation’s machinery production decreased 0.6 percent in September. Regional machinery output in September was up 8.5 percent from its year-earlier level, and national machinery output was up 11.5 percent.

The region’s steel sector output fell 1.3 percent in September after rising by 1.0 percent in August. The nation’s steel output was down 0.4 percent in September. Regional steel output was up 17.3 percent from its September 2009 level, and national steel output was up 10.9 percent.

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