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.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.