Wednesday, February 15, 2017

Industrial Production and Capacity Utilization: January 2017

Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing worsening results in January with total industrial production falling 0.25% from December and remaining flat at 0.01% above the level seen in January 2016.

Capacity utilization went declined from December dropping 0.49% below the level seen in January 2016 to stand at 75.35%.

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.