by Calculated Threat on 7/16/2025 09:15:00 AM
From the Fed: Industrial Manufacturing and Capability Utilization
Industrial manufacturing (IP) elevated 0.3 % in June after remaining unchanged in April and Could; for the second quarter as an entire, IP elevated at an annual fee of 1.1 %. In June, manufacturing output ticked up 0.1 %, and the index for mining decreased 0.3 %. The index for utilities rose 2.8 %. At 104.0 % of its 2017 common, whole IP in June was 0.7 % above its year-earlier stage. Capability utilization moved as much as 77.6 %, a fee that’s 2.0 share factors beneath its long-run (1972–2024) common.
emphasis added
Click on on graph for bigger picture.
This graph reveals Capability Utilization. This sequence is up from the report low set in April 2020, and near the extent in February 2020 (pre-pandemic).
Capability utilization at 77.6% is 2.0% beneath the typical from 1972 to 2023. This was above consensus expectations.
Observe: y-axis would not begin at zero to raised present the change.
The second graph reveals industrial manufacturing since 1967.
Industrial manufacturing decreased to 104.0. That is above the pre-pandemic stage.
Industrial manufacturing was above consensus expectations.
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