Manufacturing and Mining Rise: A Local Example (Industrial Production and Capacity Utilization March 2025)

Manufacturing is growing in the U.S. and that is a good thing. Manufacturing matched with modern technology can increase growth. Furthering that with advanced human capital and labor skills could also help to develop capacity (invention, innovation, creation). Likewise, there has been some improvements in infrastructure over the last few years which will help to encourage lower transactional costs.

Consider that mining 90.3% of capacity which is above its historic trend of 86.5% new mines to help fuel manufacturing can help. As complex global issues interplay, we may have some limited supply so having a better balance with domestic production can help.

Let us consider a town like Escanaba as an example. I will also start writing about San Diego and other places (i.e. tourism up in San Diego and Escanaba as other revenue sources). For the moment I'm just talking about Escanaba. However, I like to write about both for my and whoever else is interested.

There has been some discussion of opening a mine and possibly a port in the region (We are not yet discussing the increased investment environment of the area). High levels of capacity utilization indicate a need for additional mining. There is also additional need for ship building which would utilize similar capacities (complementary) but that is also a different discussion.

We can discuss ideas as they relate to a port, improved airport, and other activities for a different day.
Industrial Production and Capacity Utilization March 2025

-Industrial production increase .7%

-Manufacturing output increase 0.9%.

-Durable manufacturing index increased 1.6 percent

-Motor vehicles and parts rose 8.5%.

-Mining gained 2.8% at 90.3% capacity (This is important for the UP).

-Capacity utilization went to 78.2%