Wednesday, April 15, 2009

Deflation Camp: Under-utilized Capacity

Finfacts reports:

Outside of manufacturing, the output of mines fell 3.2% in March, as oil and gas well drilling continued to drop. After a relatively mild February, a return to more seasonal temperatures pushed up the output of utilities. The capacity utilization rate for total industry fell further to 69.3%, a historical low for this series, which begins in 1967.Early this morning saw the release of Capacity Utilization data.

Source: Federal Reserve

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