Industrial production down in January
Industrial production fell 0.10 percent in January, according to the latest read from the Federal Reserve.
Total industrial production declined by 0.10 percent in January 2013 but rose 2.10 percent above the level seen in January 2012.
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Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing a decline in January with total industrial production falling 0.10% since December but rising 2.10% above the level seen in January 2012.
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Capacity utilization also declined dropping 0.27% from December but still climbing a slight 0.46% above the level seen in January of 2012 to stand at 79.06%
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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