Production Pullback: Industrial Production May 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 0.10% from April but rising 3.42% above the level seen in May 2010.

Capacity utilization declined 0.01% from April but climbed 3.25% above the level seen in May of 2010 to stand at 76.73%

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.