by Calculated Danger on 6/18/2024 09:15:00 AM
From the Fed: Industrial Manufacturing and Capability Utilization
Industrial manufacturing rose 0.9 p.c in Could. Manufacturing output posted the same achieve of 0.9 p.c after declining within the earlier two months. The index for mining elevated 0.3 p.c in Could, and the index for utilities superior 1.6 p.c. At 103.3 p.c of its 2017 common, whole industrial manufacturing in Could was 0.4 p.c greater than its year-earlier degree. Capability utilization moved as much as 78.7 p.c in Could, a price that’s 0.9 proportion level beneath its long-run (1972–2023) common.
emphasis added
Click on on graph for bigger picture.
This graph exhibits Capability Utilization. This sequence is up from the file low set in April 2020, and above the extent in February 2020 (pre-pandemic).
Capability utilization at 78.7% is 0.9% beneath the typical from 1972 to 2022. This was above consensus expectations.
Notice: y-axis does not begin at zero to higher present the change.
The second graph exhibits industrial manufacturing since 1967.
Industrial manufacturing elevated to 103.3. That is above the pre-pandemic degree.
Industrial manufacturing was above consensus expectations.
