Chicago Fed: Midwest Manufacturing Rises 0.7%

The Chicago Fed Midwest Manufacturing Index was up 0.7% in October to a seasonally adjusted level of 85.5, as three of the four regional sectors showed improvement, the Federal Reserve Bank of Chicago reported Monday.

Nationally, the Federal Reserve Board’s industrial production index for manufacturing rose to 0.5% in October.

Overall manufacturing output in the region gained 7.3% from a year earlier, compared with 4.5% growth in output nationally in that period.

The September report showed a revised 0.2% rise to 84.9, originally reported as a 0.4% increase to 85.1.

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER