Friday, April 2, 2010
Industrial Capacity - Continuing Record Declines
So we have had lots of play for the increases in the rate of industrial capacity utilization, but no play at all regarding the state of industrial capacity.
Short version: industrial capacity is going away at a faster rate than at any other period in the historical time series - which starts in 1967, so 1968 in terms of measuring year over year changes (Fed unique identifier: G17/CAP/CAP.B50001.S).
This month is another record in two ways - for the sixth straight month in a row - both the month over month decline and the year over year decline is the largest on record.