Friday, January 15, 2016

Industrial Production and Capacity Utilization: December 2015

Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing further declines in December with total industrial production declining 0.36% since November and falling 1.75% below the level seen in December 2014.

Capacity utilization also declined falling 0.48% from November and plunging 3.19% below the level seen in December 2014 to stand at 76.487%.

It's important to note that industrial production is now showing significant weakness which, if all past periods were to serve at least as a rough guide, now clearly indicates notable trouble for the macro-economy.