US Industrial Output Barely Moves In June, Idle Capacity Persists
The Federal Reserve's June G.17 report put annual output growth at 1.1% and utilization at 76.1%, well below full capacity.
- Industrial production rose just 0.1% month over month in June, the Fed reported.
- Output climbed only 1.1% over the past twelve months, a weak annual pace.
- Capacity utilization held at 76.1%, leaving close to a quarter of capacity idle.
Why it matters: A quarter of industrial capacity sitting idle is the plainest measure of demand nobody is generating.
Federal Reserve G.17 Industrial Production and Capacity Utilization release ↗ · Jul 17, 20267/17/26