Industrial production down in January
Industrial production fell 0.10 percent in January, according to the latest read from the Federal Reserve.
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.
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.
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.