The Chicago Fed Midwest manufacturing index rose 1.3% in February to a seasonally adjusted level of 83.3, as the steel, machinery, and auto sectors all showed improvement, the Federal Reserve Bank of Chicago reported Wednesday.
Nationally, the Federal Reserve Board’s industrial production index for manufacturing grew 0.7% in February.
Overall manufacturing output in the region gained 11.7% from a year earlier, compared to 7.4% growth in output nationally in that period.
The January report showed a revised 1.8% increase to 82.2, originally reported as a 1.1% gain to 84.1
