Production Pullback: Industrial Production August 2012

Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing a notable pullback in August with total industrial production declining 1.16% since July but rising 2.80% above the level seen in August 2011.

Capacity utilization declined a notable 1.30% from July remaining just 1.42% above the level seen in August of 2011 to stand at 78.19%

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.