Industrial output is in March 2011 is only 93.6% of the pre-recession level but is improving at a 6% year-over-year rate. Continuing at this rate, IP will be out of recession in first quarter 2012.
A sharp drop in utility production in February produced a lower reading for Industrial Production. Manufacturing continued to grow.
Industrial Production and Capacity Utilization were bothn essentially flat MoM in October and over the prior several months. No signs for much growth but none for recession either.
Industrial Production fell slightly in September 2010. The current trend appears to be flat. Capacity utilization is similar to or below the bottoms of past recessions.