Chicago Fed Midwest Manufacturing Index Rose 0.4% in June - Modern Distribution Management

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Chicago Fed Midwest Manufacturing Index Rose 0.4% in June

Revised data show the index was down 0.5 percent in May.

The Chicago Fed Midwest Manufacturing Index increased 0.4 percent in June, to a seasonally adjusted level of 96 (2007 = 100). Revised data show the index was down 0.5 percent in May.

The Federal Reserve Board’s industrial production index for manufacturing moved up 0.3 percent in June. Regional output rose 3.5 percent in June from a year earlier, and national output increased 2.1 percent.

The Midwest’s machinery sector production rose 0.4 percent in June after moving down 0.5 percent in May. The nation’s machinery production improved 0.5 percent in June. Regional machinery output was down 1.1 percent in June from its year-ago level, while national machinery output was up 2.3 percent.

The Midwest resource sector’s output grew 0.4 percent in June after moving up 0.1 percent in May. The national resource sector’s output moved up 0.2 percent in June. Production in the regional resource sector’s food and nonmetallic mineral subsectors increased from May to June, while production in its wood, paper and chemical subsectors decreased. Compared with a year ago, regional resource output was up 3.3 percent in June, and national resource output was up 2 percent.

The region’s steel sector output improved 0.3 percent in June, following a decrease of 0.8 percent in the previous month. The nation’s steel output moved up 0.1 percent in June. Regional steel output was up 1.4 percent from its June 2012 level, and national steel output was up 1.7 percent.

The region’s auto sector production moved up 0.1 percent in June after declining 1.4 percent in May. The nation’s auto production increased 0.3 percent in June. Midwest automotive output was up 7.3 percent in June relative to its year-ago level, and national automotive output was up 3.9 percent.

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