[1rudeboy]

IOW, American Industry is under-utilized by half.

Not really. This ISM number attempts to measure whether economic activity in the manufacturing sector is expanding or contracting.

You are thinking of the "capacity utilization" number, that is calculated by the Federal Reserve, and not the ISM.

[Cletus.D.Yokel]

Thanks for the “unexpected” correction.

...(now, where’d I leave my bourbon?)...