Industrial production falls in August
Industrial production declined 1.16 percent since July but rose 2.8 percent above the level of industrial production seen in August 2011.
Industrial production declined 1.16 percent since July but rose 2.8 percent above the level of industrial production seen in August 2011.
By SoldAtTheTop, Guest blogger
Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing a notable pullback in August with total industrial production declining 1.16% since July but rising 2.80% above the level seen in August 2011.
Capacity utilization declined a notable 1.30% from July remaining just 1.42% above the level seen in August of 2011 to stand at 78.19%
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.