Production Pullback: Industrial Production March 2012

Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing a flattening with total industrial production remaining nearly unchanged since February but rising 3.78% above the level seen in March 2011.

Capacity utilization declined 0.09% from February but still rose 2.72% above the level seen in March of 2011 to stand at 78.59%

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.