The Chicago Fed's Midwest factory index dropped 1.6% 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%, worse than the 7.3% drop in national factory output previously reported by the Fed.
Bucking its recent trend, Midwest auto sector production rose 1.1% in November after falling 3.6% in October and 6.2% in September.
Still, compared with a year earlier, the region's automotive output was down 24%, while national auto output fell 15.7%.
Regional steel output fell 4.3% for a second straight month and was down 14.1% on the year, worse than the 11.4% national decline.
Machinery sector output was off 2% in November after falling 1.7% in October. Regional machinery output was down 6.6% from a year ago, while national output fell 2.6%.
Resource sector output fell 1.9% in November after rising 2.3% in October. All five resource subsectors -- food, chemicals, paper, wood and non-metallic minerals -- were lower.
Compared with a year ago, Midwest resource output was down 4.8% in November while national output dropped 5.3%.
The Chicago Fed Midwest Manufacturing Index is a monthly estimate of manufacturing output in the region by major industries. The survey covers the five states that make up the seventh Federal Reserve district: Illinois, Indiana, Iowa, Michigan and Wisconsin.
Manufacturing (ISM)
Industrial Production
November home sales tank
