Industrial Production: Manufacturing
This series isolates the manufacturing component of industrial production, measuring real output from US factories — both durable goods (vehicles, machinery, electronics) and nondurables (food, chemicals, textiles) — while excluding the more volatile mining and utilities pieces. It is the cleaner read on factory-floor activity.
IP Manufacturing YoY %
- Index level
- 99.3
Next release: Sep 18, 2026
Latest reading
As of July 2026, IP Manufacturing (IP Manufacturing YoY %) stands at 1.3% — down from 1.6% the prior reading, 20.1 pp below the April 2021 record of 21.3%. Track the year-over-year rate to filter seasonal swings and surface the underlying trend. When manufacturing diverges from total industrial production, mining or utilities are driving the gap. Durable-goods output is the more cyclical half, so it leads at turning points; nondurables are steadier and tell you less about the cycle. Series history runs from 1993 to present.
Sources, methodology & freshnessLast updated 2026-09-04 · Open ↓Close ↑
Full history
Year-over-year %
Index level
Industrial production for the manufacturing sector alone (2017 = 100) — factory output stripped of mining and utilities.
Methodology & data
IP Manufacturing is sourced from Fed via the Federal Reserve's FRED service (Federal Reserve via FRED (IPMAN), 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, last updated 2026-09-04. 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: Manufacturing?
This series isolates the manufacturing component of industrial production, measuring real output from US factories — both durable goods (vehicles, machinery, electronics) and nondurables (food, chemicals, textiles) — while excluding the more volatile mining and utilities pieces. It is the cleaner read on factory-floor activity.
How do you read IP Manufacturing?
Track the year-over-year rate to filter seasonal swings and surface the underlying trend. When manufacturing diverges from total industrial production, mining or utilities are driving the gap. Durable-goods output is the more cyclical half, so it leads at turning points; nondurables are steadier and tell you less about the cycle.
Where does the IP Manufacturing data come from?
Federal Reserve via FRED (IPMAN), 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-manufacturing.csv.
How often is IP Manufacturing updated?
IP Manufacturing is a monthly series from Fed, refreshed here as soon as a new release posts to FRED.
IP Manufacturing YoY %
- Index level
- 99.3
Next release: Sep 18, 2026