Industrial production climbs in August
Total industrial production climbed 0.41 percent since July and 2.66 percent above the level seen in August 2012.
Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing an increase in August with total industrial production climbing 0.41% since July and rising 2.66% above the level seen in August 2012.
Capacity utilization also improved climbing 0.25% from July and rising 0.83% above the level seen in August 2012 to stand at 77.84%
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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