Tuesday, May 17, 2016

Industrial Production and Capacity Utilization: April 2016

Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing improving results in April with total industrial production increasing 0.66% from March but falling 1.07% below the level seen in April 2015.

Capacity utilization also improved rising 0.64% from March but declined 2.04% below the level seen in April 2015 to stand at 75.381%.

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.