Industrial production rises in February
Industrial production climbed 0.71 percent in February, according to the Federal Reserve's monthly read of industrial production and capacity utilization.
Industrial production climbed 0.71 percent in February, according to the Federal Reserve's monthly read of industrial production and capacity utilization.
By SoldAtTheTop, Guest blogger
Today, the聽Federal Reserve聽released their聽monthly read of industrial production and capacity utilization聽showing a notable increase in February with total industrial production聽climbing 0.71% since January and rising 2.52% above the level seen in February 2012.聽
Capacity utilization also聽rise climbing 0.55% from January rising 0.83% above the level seen in February of 2012 to stand at 79.63%聽
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.聽