Industrial production down in January
Industrial production fell 0.10 percent in January, according to the latest read from the Federal Reserve.
Industrial production fell 0.10 percent in January, according to the latest read from the Federal Reserve.
By SoldAtTheTop, Guest blogger
Today, the听Federal Reserve听released their听monthly read of industrial production and capacity utilization听showing a decline in January with total industrial production听falling 0.10% since December but rising 2.10% above the level seen in January 2012.听
Capacity utilization also听declined dropping 0.27% from December but still climbing a slight 0.46% above the level seen in January of 2012 to stand at 79.06%
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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.听