What is Macro Pulse?

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
Macro Pulse's timely yet in-depth coverage.

Monday, August 27, 2012

July 2012 Industrial Production, Capacity Utilization and Capacity

Click image for larger version

Industrial production increased 0.6 percent in July after rising 0.1 percent in both May and June. Revisions to the rates of change for recent months left the level of the index in June little changed from its previous estimate. Manufacturing output rose 0.5 percent in July, the same rate of increase as was recorded for June. At 98.0 percent of its 2007 average, total industrial production in July was 4.4 percent above its year-earlier level. Industrial production decreased by 1.8 percent for Wood Products but rose by 0.2 percent for Paper.
Click image for larger version

Click image for larger version

Capacity utilization for total industry moved up 0.4 percentage point to 79.3 percent, a rate 1.0 percentage point below its long-run (1972--2011) average. As with industrial production, capacity utilization fell for Wood Products (-1.6 percent) but rose for Paper (+0.4 percent).
Click image for larger version

Capacity at the all-industries and manufacturing levels crept higher (0.1 percent). By contrast, Wood Products and Paper both dropped by 0.2 percent.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.