The Chicago Fed Midwest Manufacturing Index slid 1.7% in April to a seasonally adjusted level of 105.7 after the March index was revised to a 0.5% decrease to 107.5 from the originally reported 0.7% drop to a level of 107.6, the Federal Reserve Bank of Chicago reported yesterday.
Nationally, the Federal Reserve Board’s industrial production index for manufacturing was off 0.8% in April. Overall manufacturing output in the region dropped 2.1% from a year earlier, compared to a 0.1% decline in output nationally in that period.
Output in three of the four CFMMI sub-sectors decreased in April, the Fed said.
