Industrial production rises in February
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.
