U.S. Federal Reserve
Monthly
Index 2017=100 INDPRO
Industrial Production Index
YoY
+1.4%
▲
Index 103.1 (prev 103.0)
2026-08-01 as of ・Index 2017=100
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.
Trend
Recent trend
| Period | Value | Change |
|---|---|---|
| 2026-08-01 | 103.07 | +0.02 |
| 2026-07-01 | 103.05 | +0.2 |
| 2026-06-01 | 102.84 | +0.2 |
| 2026-05-01 | 102.64 | +0.06 |
| 2026-04-01 | 102.58 | +0.84 |
| 2026-03-01 | 101.73 | -0.17 |
| 2026-02-01 | 101.91 | +0.87 |
| 2026-01-01 | 101.04 | -0.46 |
| 2025-12-01 | 101.49 | +0.46 |
| 2025-11-01 | 101.03 | -0.19 |
| 2025-10-01 | 101.22 | -0.45 |
| 2025-09-01 | 101.67 | +0.04 |
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：2026-09-18 08:20:08-05
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