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Industrial Production

Output of factories, mines, and utilities, as an index.

102.5
Index 2017=100 · latest, Apr 2026
1948-49 Recession1953-54 Recession1957-58 Recession1960-61 Recession1969-70 Recession1973-75 Recession1980 Recession1981-82 Recession1990-91 Recession2001 RecessionGlobal Financial CrisisCOVID-19 Recession20406080100192019401960198020002020

Source: FRED · INDPRO · series · Jan 1919 to Apr 2026 · latest-revised

Reading it. Real output index. Manufacturing is the largest component.

About the bands. Shaded spans are NBER-dated US recessions, drawn as factual overlays. They mark when the economy contracted, not why. Lining an event or policy up with a move on this chart is not evidence that it caused the move.