Industrial production jumps in November
Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing notable increase in November with total industrial production increasing 1.05% since October and rising 2.51% above the level seen in November 2011.
Capacity utilization also jumped 0.91% from October and climbing 0.93% above the level seen in November of 2011 to stand at 78.42%
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.
