Capacity utilization in the United States increased to 64.80 percent in May from a record low of 63.97 percent in April of 2020, but was lower than market forecasts of 66.9 percent. Still, capacity utilization is at a rate that is 15 percentage points below its long-run (1972–2019) average of 80.1 and 1.9 percentage points below its trough during the Great Recession, as many factories resumed operations only partially following suspensions related to COVID-19.
Capacity Utilization in the United States averaged 80.15 percent from 1967 until 2020, reaching an all time high of 89.39 percent in January of 1967 and a record low of 63.97 percent in April of 2020. This page provides the latest reported value for - United States Capacity Utilization - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Capacity Utilization - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Capacity Utilization in the United States is expected to be 65.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Capacity Utilization in the United States to stand at 78.60 in 12 months time. In the long-term, the United States Capacity Utilization is projected to trend around 78.40 percent in 2021, according to our econometric models.