Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing an increase in June with total industrial production climbing 0.31% since May and rising 1.98% above the level seen in June 2012. Capacity utilization also improved climbing 0.17% from May and rising 0.18% above the level seen in June 2012 to stand at 77.84%
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.
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