Industrial production goes flat in March
Total industrial production remaining nearly unchanged since February but rising 3.78 percent above the level seen in March 2011.
This chart shows the monthly and annual percent change in industrial production over the past five years. Production has recovered considerably since bottoming out in 2009, but growth went flat in March.
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Yesterday, the Federal Reserve released their monthly read of industrial production and capacity utilization showing a flattening with total industrial production remaining nearly unchanged since February but rising 3.78% above the level seen in March 2011.
Capacity utilization declined 0.09% from February but still rose 2.72% above the level seen in March of 2011 to stand at 78.59%.
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.