Industrial Production: -0.4% in June, vs. -0.7% consensus and May's -1.2% (revised). Capacity...

Industrial Production: -0.4% in June, vs. -0.7% consensus and May's -1.2% (revised). Capacity utilization 68% vs. last month's 68.3%.

Comments

[CautiousInvestor]

Words of comfort: "For the second quarter as a whole, output fell at an annual rate of 11.6 percent, a more moderate contraction than in the first quarter, when output fell 19.1 percent."

Of course it's going to moderate and in the extreme when it hits zero it will stop declining completely.

[youngman442002]

But now there is much more world capacity...I personaly think it will never come back to the USA as much as it was...with all the politics going on and new taxes, requirements will you up your US factory first or your Indian or Chinese one?

[bricki]

We may have some way to go down yet. Capacity utilization is still above 2000-2001 and 1990-1992 recession lows.

[youngman442002]

Trucking down too

[obamaphobe]

If we had even the slightest bud of a green shoot then utilization would be up off of a very very low level. Instead we use less and less. Not even a dead cat bounce...