US Industrial Production Fall -0.4% In August, Capacity Utilization Falls To 75.5%

Please don’t send me emails saying ‘But we are a service economy.’ Although Ford announced that it is going to build its small cars in Mexico. Hecho en Mexico!
The August industrial productions numbers were not good. Industrial production fell -0.4%. And capacity utilization fell to 75.5%. The benchmark target is 80%.
Here is a chart of capacity utilization and expected US GDP. A picture is worth a thousand words.

This post was published at Wall Street Examiner by Anthony B. Sanders ‘ September 15, 2016.