The Chicago Fed Midwest Manufacturing Index increased 0.4% in June to a seasonally adjusted level of 96.0, as all four regional sectors gained, the Federal Reserve Bank of Chicago reported Monday.
Nationally, the Federal Reserve Board's industrial production index for manufacturing grew 0.3% in June. Overall manufacturing output in the region gained 3.5% from a year earlier, compared to 2.1% growth in output nationally in that period.
The May report showed a revised 0.5% decrease to 95.6, originally reported as a 0.4% drop to 95.8.
The regional machinery sector's output rose 0.4% in the month, following a 0.5% fall in May. Nationally, machinery sector output climbed 0.5% in the month. On a year-over-year basis, machinery output slid 1.1% in the region while rising 2.3% in the nation.
The regional resource sector's output rose 0.4% in June, following a 0.1% increase in May. Nationally, resource output was up 0.2% in the month. Compared to June 2012, regional resource output gained 3.3%, while national resource output rose 2.0%. "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," according to the Fed release.
The regional steel sector's output added 0.3% in the month, following a 0.8% slide in May. Nationally, steel sector output inched up 0.1% in the month. On a year-over-year basis, steel output grew 1.4% in the region while climbing 1.7% in the nation.
The regional auto sector's output gained 0.1% in the month, after a 1.4% drop in May, while national output climbed 0.3%. Nationally, auto sector output gained 3.9% from a year ago while the Midwest auto sector's output grew 7.3% year-over-year, according to the Fed.
