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
Next scheduled release：Fri, Oct 16, 2026（G.17 Industrial Production and Capacity Utilization）
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
Year by year
Shows the year-over-year change (%) from 2017-10 to 2026-08, grouped by calendar year.
Latest+1.4%2026-08-01
Period high+16.6%Apr 2021
Period low-17.3%Apr 2020
| Year | Average | Year-end | High | Low |
|---|---|---|---|---|
| 2026 (months 1–8) | +1.2% | +1.4% | +1.7% | +0.7% |
| 2025 | +1.1% | +1.2% | +1.9% | +0.1% |
| 2024 | -0.7% | -0.3% | +0.8% | -1.6% |
| 2023 | -0.2% | +0.8% | +0.8% | -0.9% |
| 2022 | +1.7% | -0.8% | +5.4% | -0.8% |
| 2021 | +4.7% | +2.2% | +16.6% | -5.7% |
| 2020 | -7.1% | -3.3% | -1.4% | -17.3% |
| 2019 | -0.8% | -2.3% | +1.9% | -2.5% |
| 2018 | +3.2% | +2.6% | +4.4% | +2.3% |
| 2017 (months 10–12) | +2.6% | +2.5% | +3.0% | +2.3% |
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
Industrial Production Index: what is the latest reading?
As of Aug 2026, it is +1.4% (year over year). Since Oct 2017, the high was +16.6% (Apr 2021) and the low was -17.3% (Apr 2020). The next release is scheduled for Fri, Oct 16, 2026.
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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