by Calculated Risk on 6/17/2022 09:21:00 AM
From the Fed: Industrial Production and Capacity Utilization
This graph shows Capacity Utilization. This series is up from the record low set in April 2020, and above the level in February 2020 (pre-pandemic).
Capacity utilization at 79.0% is 0.5% below the average from 1972 to 2020. This was below consensus expectations.
Note: y-axis doesn’t start at zero to better show the change.