Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing a flattening with total industrial production increasing just 0.02% from January and rising 4.03% above the level seen in February 2011.Capacity utilization declined 0.06% from January climbing 2.83% above the level seen in February of 2011 to stand at 78.70%
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.