Production Pullback: Industrial Production - June 2013

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Includes: FXR, IYJ, PRN, XLI
by: Sold At The Top

Today, the Federal Reserve released their monthly read of industrial production and capacity utilization. It showed an increase in June, with total industrial production climbing 0.31% since May and rising 1.98% above the level seen in June 2012.

Capacity utilization also improved, climbing 0.17% from May and rising 0.18% above the level seen in June 2012 to stand at 77.84%. 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.

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