Diminished Capacity – Analyst Blog
Dirk Van Dijk (May 15th, 2009) Writes:
Highlights include Applied Materials, Inc. (AMAT), Ingersoll Rand Company Ltd. (IR), Joy Global Inc. (JOYG) and Caterpillar Inc. (CAT).
Industrial production fell 0.5% in April following a 1.7% decline in March. The March number was revised down from the initial reading of a 1.5% decline. On a year over year basis, total industrial output is down 12.5%, and is 16.0% below its peak.
Manufacturing output fell 0.3% on the month following a 2.1% decline in March (revised from -1.7%), and was down 14.5%. Output from the nation's mines tumbled 3.2% following a 2.6% decline in March and is 8.6% below year ago levels. In contrast, Utility output rose 0.4% on the month following a 1.9% rise in March and is down just 3.2% from a year ago.
On the other hand, Utility output is affected by the weather almost as much as it ...


![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)

