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US Industrial Production Fall -0.4% In August, Capacity Utilization Falls To 75.5%

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

Please don’t send me emails saying “But we are a service economy.” Although Ford announced that it is going to build its small cars in Mexico. Hecho en Mexico!

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The August industrial productions numbers were not good. Industrial production fell -0.4%.  And capacity utilization fell to 75.5%. The benchmark target is 80%.

Here is a chart of capacity utilization and expected US GDP. A picture is worth a thousand words.

caput

As Bruce Springsteen likes to mumble, “Goin’ Down.”

 

 

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