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Industrial production jumps in November

Total industrial production increased about 1 percent in November, rising 2.5 percent about the level of industrial production seen a year ago, according to data from the Federal Reserve.

By Guest blogger / December 14, 2012

This graph tracks US industrial production levels since 2005, according to the Federal Reserve.

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Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing notable increase in November with total industrial production increasing 1.05% since October and rising 2.51% above the level seen in November 2011. 

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Writer, The PaperEconomy Blog

'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 also jumped 0.91% from October and climbing 0.93% above the level seen in November of 2011 to stand at 78.42% 

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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