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Industrial production falls in October

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(Read caption) This graph shows industrial production levels since 2005, according to the Federal Reserve's monthly read of industrial production.

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Last week, the Federal Reserve released their monthly read of industrial production and capacity utilization showing an notable pullback in October with total industrial production declining 0.43% since September but rising 1.74% above the level seen in October 2011. 

Capacity utilization also declined falling 0.57% from September and remaining just 0.24% above the level seen in October of 2011 to stand at 77.79% 

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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