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.
The Federal Reserve released their monthly read of industrial production and capacity utilization Friday, showing a notable increase in February with total industrial production climbing 0.71 percent since January.
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Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing a notable increase in February with total industrial production climbing 0.71% since January and rising 2.52% above the level seen in February 2012.
Capacity utilization also rise climbing 0.55% from January rising 0.83% above the level seen in February of 2012 to stand at 79.63%
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.