Industrial production improves
Total industrial production increased 0.3 percent from December and rose 3.35 percent above the level seen in January 2011.
This chart shows the annual and monthly change in industrial production over the past five years. Production has increased 3.35 percent since January of 2011.
SoldAtTheTop
Wednesday, the Federal Reserve released their monthly read of industrial production and capacity utilization showing a pullback with total industrial production increased 0.3% from December and rising 3.35% above the level seen in January 2011.
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'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.
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Capacity utilization declined 0.06% from December climbing just 2.16% above the level seen in January of 2011 to stand at 78.55%
It's important to recognize that though the "recovery" is well over two years old, both industrial production and capacity utilization are notably below the peaks set in late 2007.
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