by Calculated Threat on 6/18/2024 09:15:00 AM
From the Fed: Industrial Manufacturing and Capability Utilization
Industrial manufacturing rose 0.9 % in Might. Manufacturing output posted an identical acquire of 0.9 % after declining within the earlier two months. The index for mining elevated 0.3 % in Might, and the index for utilities superior 1.6 %. At 103.3 % of its 2017 common, whole industrial manufacturing in Might was 0.4 % larger than its year-earlier stage. Capability utilization moved as much as 78.7 % in Might, a charge that’s 0.9 share level under its long-run (1972–2023) common.
emphasis added
Click on on graph for bigger picture.
This graph reveals Capability Utilization. This sequence is up from the document low set in April 2020, and above the extent in February 2020 (pre-pandemic).
Capability utilization at 78.7% is 0.9% under the typical from 1972 to 2022. This was above consensus expectations.
Be aware: y-axis would not begin at zero to raised present the change.
The second graph reveals industrial manufacturing since 1967.
Industrial manufacturing elevated to 103.3. That is above the pre-pandemic stage.
Industrial manufacturing was above consensus expectations.
