Production Pullback: Industrial Production June 2011

Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing slight flattening of sorts with total industrial production increasing just 0.19% from May but rising 3.41% above the level seen in June 2010.

Capacity utilization increased 0.08% from May but climbed 2.97% above the level seen in June of 2010 to stand at 76.71%

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.