Midwest Manufacturing Rises in June

Midwest Manufacturing Rises in June

Midwest manufacturing output increases in June. Machinery, auto, resource and steel sectors all rise. Regional production outpaces national industrial production increase.

Manufacturing in the midwest increased 1.1% in June, the Chicago Federal Reserve reported, rebounding from revised data showing a 1.4% drop in May.

The Chicago Fed Midwest Manufacturing Index was 94.1 (2007 = 100), with regional output up 11% from June 2011. The Midwest outpaced the Federal Reserve's national industrial production index, which showed manufacturing increasing 0.7% in June.

Production in the four sectors tracked by the Chicago Fed all increased:

Machinery production grew 2.9%, more than twice the national increase of 1.4% in June. Machinery production had decreased 0.5% in May. Regional machinery production was up 12.2% from a year ago while national machinery output has increased 7.3% from June 2011.

The automotive sector saw production rise 0.7% in June after declining 4.3% in May. Midwest auto production was up 21.9% from June 2011, compared to an increase of 15.2% for the nation.

The Midwest resource sector improved 0.5% in June, after dropping 0.9% in May. The food, wood, paper, chemical and nonmetallic mineral subsectors all increased production in June from the previous month. Compared to a year ago, resource output was up 2.1% in the region and 1.3% nationally.

Steel output was up 0.4% in June after a 0.6% increase in May. Nationally, steel output decreased 0.2% in June. Regional steel output was up 11% from June 2011, while national steel production was up 6.4%.

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