The Chicago Fed Midwest Manufacturing Index slid 0.5% in February to a seasonally adjusted level of 101.0 after the January index was revised to a 0.5% increase to 101.5 from the originally reported 0.1% drop to 105.3, the Federal Reserve Bank of Chicago reported yesterday.
Nationally, the Federal Reserve Board’s industrial production index for manufacturing was off 0.3% in February. Overall manufacturing output in the region jumped 2.0% from a year earlier, compared to a 2.2% rise in output nationally in that period.
Output in two of the four CFMMI sub-sectors slid in February, the Fed said.
