“Encouraging” figures for US output, capacity usage; still below pandemic levels

17 February 2021

 

Summary: US output expands in January; rise much higher than expected figure; capacity utilisation rate increase above 75%; data “encouraging” but still below pandemic levels.   The Federal Reserve’s industrial production (IP) index measures real output from manufacturing, mining, electricity and gas company facilities located in the United States. These sectors are thought to be sensitive to consumer demand and so some leading indicators of GDP use industrial production figures...

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