Industrial production rises slightly in September
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
This chart shows the annual and monthly percent change in the industrial production index over the past five years. Though the index has been recovering since 2009, numbers remain well below peaks set in late 2007.
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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.