Chicago Fed: Mar Midwest Manufacturing Index 0.0% on Mo; +8.6% on Year

The FINANCIAL — Manufacturing output in the U.S. Midwest is estimated to have remained unchanged in March, with only the machinery sector registering a gain.

According to Borsa Italiana – London Stock Exchange Group, the Federal Reserve Bank of Chicago said Monday that its Midwest Manufacturing Index remained at 92.2, having been revised up to that level for February.

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The index is calculated using data on working hours, and output in the five-state Midwest region–still the nation's manufacturing heartland–has broadly outperformed the national average over the past 12 months, having fallen more during the last recession.