Economy
March 23, 2013
Industrial Production & Capacity Utilization in “Goldilocks Zone”
Written by Peter Wright
Industrial Production and Manufacturing Capacity Utilization – February 2013
Federal Reserve statistics for February 2013 indicate that manufacturing is in a “Warm” growth mode which confirms the Institute of Supply Management’s manufacturing index, orders for durable goods and the rate of growth of manufacturing employment. In three months through February IP grew 2.6% year over year, a growth rate that has been almost unchanged for five months. By this measure IP is now within 1.5% of its all time high in January 2008.
