Today, the Federal Reserve released its monthly read of industrial production and capacity utilization. It showed 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 2012 to stand at 79.63%. It's important to recognize that although the "recovery" is well over two years old, both industrial production and capacity utilization are notably below the peaks set in late 2007.
