There’s a distinction between overall capacity and capacity utilization. The chart is particularly insightful, with the gray vertical bars indicating periods of recession.
In May, we saw a slight pullback in capacity utilization—a development that isn’t surprising, considering the impact of tariffs and the surge in purchasing activity during March and April in anticipation of those changes.
Retail Sales in May were -0.9% expected -0.7%. It was a weak report showing consumers spending less.
It was the big ticket items like Autos and building materials showing the largest declines.
Feds meet this week with a zero chance of rate cuts.
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