Chicago Fed Midwest factory index rises in June

Newswire

NEW YORK, July 27 (Reuters) - The Chicago Federal Reserve Bank said on Wednesday its Midwest manufacturing index rose in June on strong auto output spurred by aggressive incentives offered by U.S. car producers. The index climbed 0.5 percent to a seasonally adjusted 119.1 from a revised 118.6 in May, which was originally reported at 118.4, the Chicago Fed said. Compared with a year earlier Midwest output posted a 2.5 percent gain, lower than a 3.7 percent national increase. Two of the ...

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