Chicago Fed: Midwest Manufacturing Output Increased

The reading came to a seasonally adjusted level of 94.1, with the year 2007 equating 100. Unfortunately, the revised data put the index down at -1.4% for the month of May.

The Federal Reserve Board’s industrial production index for manufacturing increased by 0.7% in the month of June. Where the report gets interesting is that regional output was said to have risen by some 11.0% in June when compared to the same month in 2011. Also the report on its national output increased 5.6% in June from the same month a year earlier.

Nothing here shows blistering growth, but it is not in the red.

JON C. OGG