The Chicago Fed Midwest Manufacturing Index rose 1.1% in June to a seasonally adjusted level of 94.1, 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 0.6% in April. Overall manufacturing output in the region gained 12.0% from a year earlier, compared to 5.8% growth in output nationally in that period.
The May report showed a revised 1.4% decrease to 93.0, originally reported as a 1.4% decline to 93.4.
The regional machinery sector's output increased 2.9% in the month, following a 0.5% drop in May. Nationally, machinery sector output grew 1.4% in the month. On a year-over-year basis, machinery output grew 12.2% in the region while rising 7.3% in the nation.
The regional auto sector's output increased 0.7% in the month, after a 4.3% plunge in May, while national output rose 1.1%. Nationally, auto sector output soared 15.2% from a year ago while the Midwest auto sector's output surged 21.9% year-over-year, according to the Fed.
The regional resource sector's output rose 0.5% in June, following a 0.9% slip in May. Nationally, resource output was up 0.4% in the month. Compared to June 2011, regional resource output grew 2.1%, while national resource output rose 1.3%. "The regional resource sector's food, wood, paper, chemical, and nonmetallic mineral subsectors all increased their production from May to June," the Fed said.
The regional steel sector's output gained 0.4% in the month, following a 0.6% rise in May. Nationally, steel sector output was off 0.2% in the month. On a year-over-year basis, steel output grew 11.0% in the region while climbing 6.4% in the nation.