Industrial production up in September(Read article summary)
Industrial production increased 0.41 percent since August 2012 and rose 2.81 percent above the level seen in September 2011, according to the Federal Reserve.
Today, the¬†Federal Reserve¬†released their¬†monthly read of industrial production and capacity utilization¬†showing an improvement in September with total industrial production increasing 0.41% since August and rising 2.81% above the level seen in September 2011.¬†
Capacity utilization also increased rising 0.27% from August and climbing 1.37% above the level seen in September of 2011 to stand at 78.26%¬†
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.¬†