• U.S. Industrial Production Dropped 1.2% in August 2012

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Industrial production: Fell 1.2 percent in August after having risen 0.5 percent in July. Manufacturing output decreased 0.7 percent in August after having risen 0.4 percent in both June and July. At 96.8 percent of its 2007 average, total industrial production in August was 2.8 percent above its year-earlier level. Capacity Utilization: Capacity utilization for total industry moved down 1.0 percentage point to 78.2 percent, a rate 2.1 percentage points below its long-run (1972--2011) average. Source: Federal Reserve Board

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