Industrial production rises slightly in September
Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing mild improvement with total industrial production increasing 0.19% from August and rising 3.22% above the level seen in September 2010.
Capacity utilization increased 0.09% from August climbing just 2.24% above the level seen in September of 2010 to stand at 77.4%.
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.
