Chicago Fed Midwest factory index falls on weak autos

Newswire

NEW YORK, June 29 (Reuters) - The Chicago Federal Reserve Bank said on Monday its Midwest manufacturing index fell in May to its lowest in more than 15 years due to a sharp decline in output from the struggling U.S. car industry. The index fell 3.1 percent to a seasonally adjusted 78.2 from a downwardly revised 80.7 in April, which was originally reported at 81.0. The May index was at the lowest level since September 1993. Compared with a year earlier, Midwest output was down 24.4 ...

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