Industrial Production
The Federal Reserve's Industrial Production index tracks the real output of the US goods-producing economy — manufacturing (~75%), mining (~15%), and utilities (~10%) — indexed to a base year. Released mid-month, it is highly sensitive to the business cycle and often turns ahead of GDP.
Industrial production index (2017=100)
- YoY %
- 2.2%
Next release: Nov 17, 2026
Latest reading
As of September 2026, Industrial Production (Industrial production index (2017=100)) stands at 104.0 — up from 103.3 the prior reading, below the September 2018 record of 104.1. Focus on the year-over-year rate and sustained trends rather than single-month moves, which can be noisy. Positive and accelerating growth marks expansion; a slide into negative territory has accompanied every industrial recession. It generally moves in step with manufacturing surveys like the ISM, and divergences from those surveys are worth a second look. Series history runs from 1919 to present.
Sources, methodology & freshnessFederal Reserve via FRED (INDPRO), monthly, seasonally adjusted · Monthly, with every releaseData as of 2026-09-01 · Open ↓Close ↑
Full history
Index level
Year-over-year %
The annual growth rate. Shaded zones split expansion (green, above 0%) from contraction (red, below 0%) — a sustained slide below zero has marked every industrial recession.
Methodology & data
Industrial Production is sourced from Fed via the Federal Reserve's FRED service (Federal Reserve via FRED (INDPRO), monthly, seasonally adjusted). We pull the complete history, chart it on a monthly basis, overlay SPY for context, and generate a dated plain-English reading from the latest release — with no smoothing or adjustment beyond what the chart legend states.
Every reading is stamped with its release date. Latest observation 2026-09-01; site refreshed 2026-10-22. Maintained and reviewed by Yuriy Matso; see our methodology for the standards every series on the site is held to.
Frequently asked questions
What is the Industrial Production?
The Federal Reserve's Industrial Production index tracks the real output of the US goods-producing economy — manufacturing (~75%), mining (~15%), and utilities (~10%) — indexed to a base year. Released mid-month, it is highly sensitive to the business cycle and often turns ahead of GDP.
How do you read Industrial Production?
Focus on the year-over-year rate and sustained trends rather than single-month moves, which can be noisy. Positive and accelerating growth marks expansion; a slide into negative territory has accompanied every industrial recession. It generally moves in step with manufacturing surveys like the ISM, and divergences from those surveys are worth a second look.
Where does the Industrial Production data come from?
Federal Reserve via FRED (INDPRO), monthly, seasonally adjusted. We chart the full history and publish a dated, plain-English reading with every release; the raw series is downloadable as CSV at /data/indicators/industrial-production.csv.
How often is Industrial Production updated?
Industrial Production is a monthly series from Fed, refreshed here as soon as a new release posts to FRED.
Industrial production index (2017=100)
- YoY %
- 2.2%
Next release: Nov 17, 2026