Chicago Fed Midwest factory index near 12-year low

Newswire

CHICAGO, Dec 29 (Reuters) - Manufacturing in the U.S. Midwest fell to its weakest level in almost 12 years in November as steel and machinery production dropped, the Chicago Federal Reserve Bank said on Monday. The Chicago Fed's Midwest factory index dropped 1.6 percent to a seasonally adjusted 96.4, the lowest since January 1997, from a downwardly revised 98.0 in October. The October reading was originally reported at 98.6. Compared with a year earlier, Midwest output was down 10.8 ...

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