Industrial capacity of utilization, which tracks manufacturers' industrial capacity and how much of it is being used remains at some of the lowest rates since the mid-1980s. The latest numbers available at press-time were not encouraging. According to the Federal Reserve Board, total capacity utilization edged down 0.2% in January, to 74.2%, a level well below its 1967-2001 average of 81.9%. Because investment is expected to remain weak, capacity is projected to expand only 1% in 2002, the
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