Friday, April 15, 2016

Industrial Production and Capacity Utilization: March 2016

Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing continued weakness in March with total industrial production declining 0.59% from February falling 2.03% below the level seen in March 2015.

Capacity utilization also weakened falling 0.66% from February declining 3.23% below the level seen in March 2015 to stand at 74.8%.

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.

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