by Invoice McBride on three/17/2017 09:24:00 AM
From the Fed: Industrial production and Capacity Utilization
Industrial manufacturing was unchanged in February following a zero.1 p.c lower in January. In February, manufacturing output moved up zero.5 p.c for its sixth consecutive month-to-month improve. Mining output jumped 2.7 p.c, however the index for utilities fell 5.7 p.c, as continued unseasonably heat climate additional lowered demand for heating. At 104.7 p.c of its 2012 common, whole industrial manufacturing in February was zero.three p.c above its stage of a 12 months earlier. Capability utilization for the commercial sector declined zero.1 share level in February to 75.four p.c, a charge that’s four.5 share factors beneath its long-run (1972–2016) common.
Click on on graph for bigger picture.
This graph reveals Capability Utilization. This sequence is up eight.7 share factors from the document low set in June 2009 (the sequence begins in 1967).
Capability utilization at 75.four% is four.5% beneath the typical from 1972 to 2015 and beneath the pre-recession stage of 80.eight% in December 2007.
Be aware: y-axis doesn't begin at zero to higher present the change.
The second graph reveals industrial manufacturing since 1967.
Industrial manufacturing was unchanged in February at 104.7. That is 19.eight% above the recession low, and is near the pre-recession peak.
This was beneath expectations of a zero.2% improve, however January was revised up.