The Chicago Fed Midwest Manufacturing Index decreased 0.1 percent in July, to a seasonally adjusted level of 95.8 (2007 = 100). Revised data show the index was up 0.4 percent in June.
The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) moved down 0.1 percent in July. Regional output rose 1.6 percent in July from a year earlier, and national output increased 1.5 percent.
Production in two of the four regional sectors decreased in July.
The region’s auto sector production decreased 0.4 percent in July after increasing 0.5 percent in June. The nation’s auto production decreased 0.4 percent in July. Midwest automotive output was up 1.9 percent in July relative to its year-ago level, and national automotive output was up 2.1 percent.
The Midwest’s machinery sector production moved down 0.3 percent in July after increasing 0.5 percent in June. The nation’s machinery production decreased 0.4 percent in July. Regional machinery output was up 0.3 percent in July from its year-ago level, while national machinery output was up 1.8 percent.
The Midwest resource sector’s output was unchanged in July after moving up 0.3 percent in June. The national resource sector’s output moved down 0.1 percent in July. Production in the regional resource sector’s wood, paper, chemical, and nonmetallic mineral subsectors decreased from June to July, while production in its food subsector increased. Compared with a year ago, regional resource output was up 1.3 percent in July, and national resource output was up 0.9 percent.
The region’s steel sector output rose 1.5 percent in July after it was unchanged in June. The nation’s steel output grew 1.0 percent in July. Regional steel output was up 1.6 percent from its July 2012 level, and national steel output was up 0.5 percent.
