Factory Production Accelerates

I recently read some interesting statistics provided to me by The Private Bank. Industrial production increased at the fastest pace in eight months, rising .6% in July, boosted by record auto production. Oil drilling rose for the first time since September, jumping 1.3% following a 4% plunge in June.  Capacity utilization, which measures the amount of plant capacity in use, advanced to 78% from 77.7% in June.  Improving domestic demand is helping cushion U.S. manufacturers from weakening global markets and the strengthening dollar. 

Entering the second half of 2015, it will be interesting to monitor these statistics to see if the trend continues. 

Read the Schneider Downs Our Thoughts On blog for other articles pertaining to the manufacturing industry.

Source: The Private Bank

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at [email protected].

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2024 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

our thoughts on
Survey on Career Advancement and Women in the Manufacturing Sector
Technology Enhancements Continue to Infuse the Manufacturing World
Protect Your Manufacturers: 3 Common Cyber Attack Methods to Watch Out for in 2023
How To Identify Supply Chain Vulnerabilities
Changes to R&D Expense Rules Affecting Manufacturers
United States Deals with Baby Formula Shortage
Register to receive our weekly newsletter with our most recent columns and insights.
Have a question? Ask us!

We’d love to hear from you. Drop us a note, and we’ll respond to you as quickly as possible.

Ask us
contact us
Pittsburgh

This site uses cookies to ensure that we give you the best user experience. Cookies assist in navigation, analyzing traffic and in our marketing efforts as described in our Privacy Policy.

×