Industrial production, past 12 months

Output of U.S. factories, mines and utilities (Federal Reserve index) compared with a year ago. Manufacturing is a small share of jobs but tends to turn early in the business cycle.

2.2%

Sep 2026 · released Oct 16, 2026

+0.6 ppvs Aug+0.4 ppvs a year ago+1.6 ppsince last update

Latest month 0.7% · ≈ 8.2% yearly pace

Over time

Gray is the past-12-months rate, the headline number. Blue is the last three months compounded to a yearly pace: when it's above the gray line, growth is picking up; below it, it's slowing.

3-month pace (annualized)Past 12 months

Source: Board of Governors of the Federal Reserve System via FRED