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.
![](http://4.bp.blogspot.com/_8rpY5fQK-UQ/Sb9FC0d3scI/AAAAAAAAGMk/deBFGLPJ5Zw/s400/caputil.png)
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
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