U.S. Federal Reserve
Monthly
INDPRO
Industrial Production Index
YoY
+1.4%
▲
Index 102.5 (prev 101.8)
2026-04-01 as of
A measure of the real output of manufacturing, mining, and utilities. A key gauge of factory activity and the business cycle.
Key points
- Real output of manufacturing, mining, and utilities
- Gauges factory activity and the business cycle
- Excludes services (the goods-producing side)
- Watch the YoY change
How to read it
Read YoY or MoM. Rising means expanding factory output; falling signals slowdown or contraction. It excludes services, so it is the thermometer for the goods-producing side, not the whole economy.
Recent trend
| Period | Value | Change |
|---|---|---|
| 2026-04-01 | 102.5 | +0.69 |
| 2026-03-01 | 101.81 | -0.29 |
| 2026-02-01 | 102.1 | +0.63 |
| 2026-01-01 | 101.47 | -0.05 |
| 2025-12-01 | 101.52 | +0.49 |
| 2025-11-01 | 101.03 | -0.19 |
| 2025-10-01 | 101.22 | -0.45 |
| 2025-09-01 | 101.67 | +0.04 |
| 2025-08-01 | 101.62 | -0.27 |
| 2025-07-01 | 101.89 | +0.42 |
| 2025-06-01 | 101.48 | +0.51 |
| 2025-05-01 | 100.97 | -0.16 |
FAQ
What does it measure?
The real output of factories, mines, and utilities as an index. It gauges manufacturing activity and economic strength; it does not include services.
Sources (primary)
This article is an independent summary based on the official U.S. data below. Please verify the latest and exact details with the official sources.
- FRED (series page)：INDPRO
- Source agency：U.S. Federal Reserve
- FRED last updated：2026-05-15 08:21:10-05
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