OUR THOUGHTS ON:

Factory Production Accelerates

Manufacturing

By Donald Applegarth

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

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.

© 2018 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.

comments