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.
Source: The Private Bank