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Industrial production rises in February

Industrial production climbed 0.71 percent in February, according to the Federal Reserve's monthly read of industrial production and capacity utilization.

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The Federal Reserve released their monthly read of industrial production and capacity utilization Friday, showing a notable increase in February with total industrial production climbing 0.71 percent since January.

Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing a notable increase in February with total industrial production climbing 0.71% since January and rising 2.52% above the level seen in February 2012. 

Capacity utilization also rise climbing 0.55% from January rising 0.83% above the level seen in February of 2012 to stand at 79.63% 

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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