Industrial production down in November
Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing a pullback with total industrial production declining 0.22% from October and rising 3.74% percent above the level seen in November 2010.
Capacity utilization declined 0.30% from October climbing just 2.63 percent above the level seen in November of 2010 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.
