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.
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.
