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Industrial production down in November

Total industrial production dropped 0.22 percent from October but was  3.74 percent above the level seen in November 2010.

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This chart shows the annual and monthly percent change in the industrial production index over the past five years. Numbers have recovered considerably since bottoming out in 2009 but have yet to return to peak levels seen in 2007.

Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing a pullback with total industrial production declining 0.22% from October and rising 3.74% percent above the level seen in November 2010.

Capacity utilization declined 0.30% from October climbing just 2.63 percent above the level seen in November of 2010 to stand at 77.79%

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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