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  • Who We Are
    • Mission
    • Leadership
    • Board of Directors
    • Advisory Council
  • What We Do
    • Legislative & Regulatory
    • Economic Improvement
    • RIMA’s Accomplishments
    • RIMA Position on Critical Issues 2020
  • RIMA Events
    • Past Events
  • Webinars
    /Other
  • Sponsors & Partners
  • Membership
    • Why Join RIMA?
    • Membership Portal
    • Contact RIMA
    • Membership Badge
    • Member Benefits
  • Blog
  • Media
    • Newsletter
    • Member Spotlight
    • Videos
    • Manufacturer Award Winners
    • Annual Award Honoree
      • 2020
      • 2019
      • 2018
  • Resources
    • Past Webinars
    • Job Listings/Resumes
    • GD&T Quotes
    • Advance Manufacturing Trade School Videos
    • Schools
    • Substance Use and Mental Health Leadership Council
    • RI Manufacturing Facts
    • Concerns/Answers
      • File a Comment on Federal Regulation Impacting your Business
      • Small Business Administration

RIMA Blog

Manufacturing Production

by Maggie Lagueon 6 August 2020in Newsletter Articles, Uncategorized

Manufacturing production rebounded for the second straight month, rising by 3.8% and 7.2% in May and June, respectively. In June, all 19 major manufacturing sectors had increases in production, as the industry attempts to recover from steep declines since February. Yet, it will take a while for output to get back to prerecession levels. On a year-over-year basis, manufacturing production has declined 11.2%, with durable and nondurable goods output down 14.3% and 7.4%, respectively.  Manufacturing capacity utilization registered 60.0% in April, the lowest rate in the data’s history, which dates to January 1948, and it increased to 62.3% in May and 66.9% in June. It registered 75.2% in February

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