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Firms Look for Signs That Worst Of the Recession Might be Over

Publication Date: 12/23/2009
Author: Bruce Buckley
Format: HTML

Following historic drops in the manufacturing sector brought on by the global recession, firms are looking for signs that the worst is over. Around the globe, capacity utilization in manufacturing plummeted, with the U.S. hitting 65.1% in June—the lowest since the Federal Reserve began tracking it in 1967. Since June, the rate has crept up slightly—reaching 67.6% in October—but remains well below the historic average of 79.6%.

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