The Federal Reserve Bank of Chicago’s Midwest manufacturing index dropped 1.4% in August to a seasonally adjusted level of 79.9, the Chicago Fed reported Monday.
The reading for July was revised upward to show a 1.9% increase to 81.0, instead of 2.2% gain to 81.4, which was originally reported.
Nationally, the Federal Reserve Board’s industrial production index for manufacturing rose 0.2% in August. Overall factory output in the region gained 8.5% from a year ago, compared to 6.5% growth in output nationally in that period.
