Production Pullback: Industrial Production October 2011

Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing mild improvement with total industrial production increasing 0.68% from September and rising 3.92% above the level seen in October 2010.

Capacity utilization increased 0.59% from September climbing just 2.72% above the level seen in October of 2010 to stand at 77.76%

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.