Tuesday, August 17, 2010
Industrial Production for July
This graph shows Capacity Utilization. This series is up 9.8% from the record low set in June 2009 (the series starts in 1967).
Capacity utilization at 74.8% is still far below normal - and well below the the pre-recession levels of 81.2% in November 2007.
This is the highest level for industrial production since Oct 2008, but production is still 7.3% below the pre-recession levels at the end of 2007.
The increase in July was above the consensus of a 0.5% increase in Industrial Production, and an increase to 74.5% for Capacity Utilization.