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Today, the Federal Reserve released its monthly read of industrial production and capacity utilization. It showed an increase in August, with total industrial production climbing 0.41% since July and rising 2.66% above the level seen in August 2012.

Capacity utilization also improved, climbing 0.25% from July and rising 0.83% above the level seen in August 2012, to stand at 77.84%. 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.

Source: Production Pullback: Industrial Production - August 2013