Wednesday, June 15, 2016

Industrial Production and Capacity Utilization: May 2016

Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing weakening results in May with total industrial production declining 0.42% from April dropping 1.4% below the level seen in May 2015.

Capacity utilization also declined dropping 0.43% from April dropping 2.19% below the level seen in May 2015 to stand at 74.937%.

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.