Industrial Production/Capacity Utilization Rise In February

Press Release Federal Reserve: Industrial Production/Capacity Utilization

“Industrial production edged up 0.1 percent in February following a gain of 0.9 percent in January. Production was likely held down somewhat by winter storms in the Northeast. Manufacturing decreased 0.2 percent in February, with mixed results among its major industries. The output of mines rose 2.0 percent, while the index for utilities rose 0.5 percent. At 101.0 percent of its 2002 average, industrial output in February was 1.7 percent above its year-earlier level. Capacity utilization for total industry moved up 0.2 percentage point to 72.7 percent, a rate 7.9 percentage points below its average from 1972 to 2009.”

This graph shows the capacity utilization since 1967. Capacity utilization is up 6.5% since the record low set last year.

Graph Source: www.calculatedriskblog.com

Share on Facebook

Tags: economic progress

This entry was posted on March 15, 2010 at March 15, 2010 and is filed under U.S Market. You can follow any responses to this entry through the RSS 2.0 feed.