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Macro Pulse highlights recent activity and events expected to affect the U.S. economy over the next 24 months. While the review is of the entire U.S. economy its particular focus is on developments affecting the Forest Products industry. Everyone with a stake in any level of the sector can benefit from
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Wednesday, April 20, 2011

March 2011 Industrial Production, Capacity Utilization and Capacity

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Industrial production increased 0.8 percent in March and rose at an annual rate of 6.0 percent for the first quarter as a whole. Manufacturing output advanced 0.7 percent in March, its fourth consecutive month of strong expansion; factory production climbed at an annual rate of 9.1 percent in the first quarter. At 93.6 percent of its 2007 average, total industrial production was 5.9 percent above its year-earlier level. Wood Products industrial production rose by 1.6 percent, while Paper increased by 1.9 percent.
 
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The rate of capacity utilization for total industry rose 0.7 percent to 77.4 percent, a rate 3.0 percentage points below its average from 1972 to 2010. Growth in manufacturing capacity utilization matched that of total industry. Wood Products increased by 1.9 percent, and Paper by 2.0 percent.
 
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Capacity at the all-industries and manufacturing levels crept higher (0.1 percent); Wood Products dropped by 0.2 percent while Paper was unchanged.

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