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Industrial Production Gained in January

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The total industry capacity utilization rate increased to 72.6%, up 0.7% in January, but it is still far below, 8% under, its 1972 to 2009 average.

The Fed also released preliminary estimates of Industrial Capacity for 2010, and is projecting total industrial capacity to, “decrease 0.8 percent this year after having declined 0.9 percent in 2009.”

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For the full Fed statement and access to accompanying tables, please click here:

Comments? Please send them to [email protected]. Kate McBride is editor in chief of Wealth Manager and a member of The Committee for the Fiduciary Standard.