Industrial Production and Capacity Utilization: February 2016

Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing continued weakness in February with total industrial production declining 0.49% from January falling 1.03% below the level seen in February 2015.

Capacity utilization also weakened falling 0.54% from January declining 2.26% below the level seen in February 2015 to stand at 76.669%.

It's important to note that industrial production is still 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.