Industrial Production

Output from U.S. manufacturing, mining, and utility sectors.

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CURRENT2.25%% YoY • September 2026

PRIOR MOVE+0.63 ppvs prior month

VS YEAR AGO+0.38 ppchange in displayed metric

10-YEAR POSITION75thpercentile rank

Industrial Production history

% YoY • normalized monthly

121 plotted periodsLatest: 2.25%

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Sep 2026: 2.25 % YoY

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View chart data (121 periods)

WHY IT MATTERS

Industrial production gives a timely read on the goods-producing side of the economy and often weakens during broader slowdowns.

The current 5-year z-score is 1.08, with a 10-year displayed-metric range of -17.32% to 16.55%.

SOURCE & METHOD

Verified data, calculated server-side.

Source: FRED, series INDPRO. Values are displayed in % YoY.

Historical coverage begins January 1919. Daily and weekly observations are averaged within each calendar month for this page chart.

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Related indicators

Keep following the chain

GrowthReal GDPInflation-adjusted output of the U.S. economy.LaborPayrollsMonthly change in total U.S. nonfarm payroll employment.Rates10Y TreasuryMarket yield on the benchmark 10-year U.S. Treasury security.

GO DEEPER

Test the relationship yourself.

Start with Industrial Production as X and Real GDP as Y, using level values. Change either indicator, transformation, or date range in Research Lab, then run your analysis.

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