Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Chicago Fed Midwest Manufacturing Index for August (Text)

Sept. 30 (Bloomberg) -- Following is the text of the Chicago Fed’s Midwest Manufacturing Index from the Federal Reserve Bank of Chicago.

The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.5% in August, to a seasonally adjusted level of 96.7 (2007 = 100). Revised data show the index was down 0.7% in July. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) moved up 0.7% in August. Regional output rose 4.0% in August from a year earlier, and national output increased 2.8%.

Production in three of the four regional sectors increased in August:

Regional auto sector production rose 4.1%;

Regional machinery sector production increased 0.8%;

Regional resource sector output moved up 0.4%; and

Regional steel sector output moved down 0.1%. The region’s auto sector production rose 4.1% in August after falling 2.8% in July. The nation’s auto production increased 2.4% in August. Midwest automotive output was up 8.4% in August relative to its year-ago level, and national automotive output was up 4.8%.

The Midwest’s machinery sector production increased 0.8% in August after decreasing 0.4% in July. The nation’s machinery production increased 1.2% in August. Regional machinery output was up 1.5% in August from its year-ago level, while national machinery output was up 4.8%. The Midwest resource sector’s output moved up 0.4% in August after increasing by the same percentage in July. The national resource sector’s output moved up 0.2% in August. Production in the regional resource sector’s food, wood, paper, and nonmetallic mineral subsectors increased from July to August, while production in its chemical subsector decreased. Compared with a year ago, regional resource output was up 1.9% in August, and national resource output was up 1.2%.

The region’s steel sector output moved down 0.1% in August, following an increase of 1.3% in July. The nation’s steel output moved up 0.1% in August. Regional steel output was up 2.2% from its August 2012 level, and national steel output was up 1.6%.

SOURCE: Federal Reserve Bank of Chicago {FRCH <GO>}

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.