Capacity Utilization Slippery Slope

Reported with yesterday's industrial production, capacity utilization took a turn for the worse... worse since inception that is.

Capacity utilization also dropped to 70.9%, matching a December 1982 record low for the series which itself dates back to 1967. Capacity utilization was at 71.9% in January.

At least it's not a cliff dive. More like a slippery slope. A slippery slope in appearance and in the notion that if we don't do something soon, we're not going to be able to climb back up anytime soon.

Source: Federal Reserve