U.S. refining capacity utilization rate hit 90% while the international utilization rate was an impressive 96%.
FORBES: ConocoPhillips Beats Estimates And Reiterates Intention To Spin-Off Downstream Operation
At 76.9%, the most recent capacity utilization rate is well below the long-term average of 80.4%.
Global production reached 1.54 million barrels of oil equivalent (boe) per day, while refining capacity utilization rate stood at 91%.
FORBES: ConocoPhillips Beats Estimates And Reiterates Intention To Spin-Off Downstream Operation
Additionally, ORBK noted that the flat panel display industry seems to be recovering from the lower capacity utilization rate environment it saw in the second half of 2010.
Other reasons include the depth of the recession and the continued slack in the economy evidenced by the low employment growth and the low capacity utilization rate.
Manufacturing output was unchanged in May but the rate of capacity utilization across industries dropped 0.2%.
Until companies increase their rate of capacity utilization from 77.5% to over the long run average of 80%, they will remain reluctant to hire.
FORBES: Bernanke Jackson Hole Memo: Spur Demand With $1 Trillion Consumer Grant
As I posted in August, companies are operating with considerable slack (their rate of capacity utilization is a mere 77.5% below the 81% long-term average).
FORBES: U.S. Recession Cure: Import Chinese, Indian and Brazilian Shoppers
Ethanol stocks are high, while production-capacity utilization is down at the unusually low rate of 85%.
We will experience this as a fall in the unemployment rate, a rise in capital goods orders and a rise in capacity utilization.
应用推荐