Industrial production rises in December
Industrial production rose 0.26 percent since November 2012 and rose 2.25 percent above the level seen in December 2011, according to the Federal Reserve.
Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing an increase in December with total industrial production rising 0.26% since November and rising 2.25% above the level seen in December 2011.
Capacity utilization also rose 0.12% from November and climbing 0.61% above the level seen in November of 2011 to stand at 78.78%
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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