Production Pullback: Industrial Production August 2011

Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing a slight improvement with total industrial production increasing 0.18% from July and rising 3.35% above the level seen in August 2010.

Capacity utilization increased 0.08% from July climbing just 2.45% above the level seen in August of 2010 to stand at 77.29%

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.