Industrial production rises in December(Read article summary)
Industrial production rose 0.26 percent since November 2012 and rose 2.25 percent above the level seen in December 2011, according to the Federal Reserve.
Today, the¬†Federal Reserve¬†released their¬†monthly read of industrial production and capacity utilization¬†showing an increase in December with total industrial production¬†rising 0.26% since November and rising 2.25% above the level seen in December 2011.¬†
Capacity utilization also¬†rose 0.12% from November and climbing 0.61% above the level seen in November of 2011 to stand at 78.78%¬†
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.¬†