Manufacturing production in the Midwest was up 40 in August compared to a year ago

Auto Production Drives Midwest Manufacturing Rebound in August

Sept. 30, 2013
Auto sector up 8.4% compared to 2012.

Midwest manufacturing rebounded in August as production in the automotive sector rose 4.1%. The Chicago Fed Midwest Manufacturing Index increased 1.5% in August, reaching a level of 96.7, compared to the 2007 benchmark of 100.

The strong increase came after a July that was worse than first reported, down 0.7% rather than the initial estimate of 0.1%.

The Midwest outpaced the national production increase of 0.7% in August announced by the Federal Reserve Board.

In the four major industrial sectors covered by the CFMMI report:

Automotive: Production rose 4.1% after falling 2.8% in July. Auto production nationally rose by 2.4% in August. Midwest auto production was up 8.4% in August versus a year ago, and national auto production was up 4.8% versus the same period in 2012.

Machinery: The machinery sector was up 0.8% in August after falling 0.4% in July. Nationally, machinery production increased 1.2% in August. Regional machinery production exceeded 2012 levels by 1.5%, while national production was up 4.8% from a year ago.

Resources: The resource sector’s August output rose 0.4%, matching the July increase. Production of food, wood, paper and nonmetallic minerals increased while chemical production fell. Compared with the same point in 2012, regional production was up 1.9% and national output was up 1.2%.

Steel: After an increase of 1.3% in July, steel production fell 0.1% in August. Steel production in the U.S. rose 0.1% in August. Compared to August 2012, Midwest steel output was up 2.2% and national steel output was up 1.6%.

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An award-winning editor, Executive Editor Steve Minter covers leadership, global economic and trade issues and energy, tackling subject matter ranging from CEO profiles and leadership theories to economic trends and energy policy. As well, he supervises content development for editorial products including the magazine,, research and information products, and conferences.

Before joining the IW staff, Steve was publisher and editorial director of Penton Media’s EHS Today, where he was instrumental in the development of the Champions of Safety and America’s Safest Companies recognition programs.

Steve received his B.A. in English from Oberlin College. He is married and has two adult children.

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