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The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.6 percent in November, to a seasonally adjusted level of 93.7 (2007 = 100). Revised data show the index was down 1.1 percent in October.
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The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) moved up 1.1 percent. Regional output rose 7.3 percent from a year earlier, and national output increased 3.1 percent.
Production in all four of the regional sectors increased in November.
The region’s auto sector production rose 3.6 percent after moving up 0.1 percent in October. National auto production increased 2.4 percent. The Midwest’s automotive output was up 17.9 percent in November relative to its year-ago level, and national automotive output was up 9.2 percent.
The region’s steel sector output increased 0.9 percent in November, following a 0.8 percent decrease in the previous month. The nation’s steel output was up 1.8 percent. Regional steel output was up 4 percent from its November 2011 level, and national steel output was up 2 percent.
The Midwest resource sector’s output improved 0.7 percent in November after declining 1.6 percent in October. The national resource sector’s output was up 0.2 percent. Production in the regional resource sector’s food, wood, paper and nonmetallic mineral subsectors increased from October to November, while production in its chemical subsector decreased. Compared with a year ago, regional resource output was up 1.9 percent, while national resource output was up 1.3 percent.
The Midwest’s machinery sector production moved up 0.2 percent in November after decreasing 2.5 percent in October. The nation’s machinery production increased 0.3 percent. Regional machinery output was up 3.4 percent from its year-ago level, and national machinery output was up 2.5 percent.