Production Pullback: Industrial Production March 2013

Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing an increase in March with total industrial production climbing 0.41% since February and rising 3.47% above the level seen in March 2012.

Capacity utilization also improved climbing 0.26% from February rising 1.53% above the level seen in March of 2012 to stand at 78.48%

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.