Production Pullback: Industrial Production July 2011

Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing a notable improvement with total industrial production increasing 0.91% from June and rising 3.70% above the level seen in July 2010.



Capacity utilization increased 0.80% from June climbing 2.95% above the level seen in July of 2010 to stand at 77.52%



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.