Industrial Production Index
Industrial Production Index, seasonally adjusted.
102.50
Index 2017=100
Min
3.69
Max
104.10
Average
46.88
10Y Percentile
90%
3M Change
+1.0%
3-Month
+1.0%
6-Month
+1.3%
12-Month
+1.4%
What this means
The industrial production index rose to 102.5, showing expanding manufacturing output and a strengthening economy. The upward trend and 90th‑percentile ranking suggest momentum may continue.
Historically, such strong production numbers lift equities, especially industrial and materials stocks, while easing demand for safe‑haven assets. Bond yields often rise as investors price in higher growth.
Frequently Asked Questions
What is the Industrial Production Index?
The Industrial Production Index (IPI) measures the real output of manufacturing, mining, and electric/gas utilities. Published monthly by the Federal Reserve, it reflects the health of the goods-producing sector of the economy.
Why does industrial production matter?
Industrial production is a coincident indicator — it moves with the business cycle. Sustained declines have accompanied every recession. It is also a key input to the Fed's assessment of economic conditions and capacity utilization.