Industrial production falls in August
Industrial production declined 1.16 percent since July but rose 2.8 percent above the level of industrial production seen in August 2011.
Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing a notable pullback in August with total industrial production declining 1.16% since July but rising 2.80% above the level seen in August 2011.
Capacity utilization declined a notable 1.30% from July remaining just 1.42% above the level seen in August of 2011 to stand at 78.19%
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.
The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on paper-money.blogspot.com.