Industrial Production and Capacity Utilization: January 2016

Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing improvement in January with total industrial production increasing 0.92% since December but still declining 0.70% below the level seen in January 2015.

Capacity utilization also improved climbing 0.92% from December but still declining 2.02% below the level seen in January 2015 to stand at 77.078%.

It's important to note that industrial production is still showing significant weakness which, if all past periods were to serve at least as a rough guide, now clearly indicates notable trouble for the macro-economy.