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U.S Industrial Activity

The Fed’s aggregate index of U.S. Industrial Production was unchanged in May and is now up 2.2% from a year ago. All major market and industry groups have increased on a year over year basis, led by Materials markets and the Mining industry.

The total Industrial production level is approaching the high it reached pre-recession. Of the 3 major market groups, only Materials production has recovered beyond pre-crisis peak. Of the 3 major industry groups, only Mining production has recovered.

Total industrial capacity is at a historical high.

Industrial production has not yet caught up with capacity this cycle, meaning further investment is not yet necessary.



This post first appeared on Floating Path, please read the originial post: here

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U.S Industrial Activity

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