The Federal Reserve reported that industrial production is at its lowest level, 68.0, since reporting began in 1967 and is below the previous low, 70.9, of December 1982. It is 12.9 percentage points below its average level for 1972-2008. (HT: Calculated Risk).Thursday, July 16, 2009
Record Low For Industrial Production Capacity Utilization
The Federal Reserve reported that industrial production is at its lowest level, 68.0, since reporting began in 1967 and is below the previous low, 70.9, of December 1982. It is 12.9 percentage points below its average level for 1972-2008. (HT: Calculated Risk).
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