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DATA VIEW (NOT A FORECAST): MANUFACTURING CAPACITY UTIL ON RISK
In line with Total Capacity Utilization index, Manufacturing Capacity Utilization index which measures the share of manufacturing capacities of US companies employed in actual production, has also nearly restored its crisis losses.
However, the index has bounced down from the 78% mark in the recent readings, falling out of its ascending range.
It is too early to conclude if it is the end of recovery in the index. The risk will be only confirmed if the data continues downward along its new descending trend line (marked orange on the chart)
However, the index has bounced down from the 78% mark in the recent readings, falling out of its ascending range.
It is too early to conclude if it is the end of recovery in the index. The risk will be only confirmed if the data continues downward along its new descending trend line (marked orange on the chart)
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