Thursday, September 15, 2016

Industrial Production and Capacity Utilization: August 2016

Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing weakening results in August with total industrial production declining 0.43% from July dropping 1.11% below the level seen in August 2015.

Capacity utilization also declined dropping 0.47% from April dropping 1.51% below the level seen in August 2015 to stand at 75.52%.

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.