Chicago Fed: Midwest Factory Index Jumps 1.7%

The Chicago Fed Midwest Manufacturing Index soared 1.7% in December to a seasonally adjusted level of 87.4, as all four regional sectors showed improvement, the Federal Reserve Bank of Chicago reported Monday.

Nationally, the Federal Reserve Board’s industrial production index for manufacturing surged 0.9% in December. Overall manufacturing output in the region gained 8.4% from a year earlier, up from a 4.0% growth in output nationally.

The November report showed a revised flat reading at 85.9, originally reported as a 0.1% increase to 85.8.

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