The Chicago Fed Midwest manufacturing index surged 2.4% in April to a seasonally adjusted level of 94.2, as three of the four regional sectors gained, the Federal Reserve Bank of Chicago reported Tuesday.
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.
The March report showed a revised 0.3% decrease to 92.0, originally reported as a flat reading at 92.2.
