Consider the following charts:
Also consider that you can bunch the readings into two levels. The overall level remained fairly static in 2012, jumped up to a slightly higher level in 2013 but then again printed readings around a certain level.
This metric does not seem to be making a lot of forward progress.
Capacity utilization has been printing around the 77.5 level for nearly two years. At this point, we can say with a high degree of certainty that this measurement has stalled at this level.
And just to make matters a bit more dire, consider this chart:
US capacity utilization has been peaking at lower and lower levels for the last twenty+ years.