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US Industrial Production & Capacity

Industrial Production Index, Capacity Utilization, and Manufacturing output from the Federal Reserve — monthly readings with MoM/YoY changes, capacity gap analysis, and historical trends since 1919.

Last updated: May 25, 2026LIVE
Production Index
102.5
▲ 0.68% MoM
Capacity Utilization
76.1%
Normal
YoY Change
+1.35%
Year-over-year
Spare Capacity
23.9%
1,288 readings since 1919

Industrial Production Index (2017=100)

Capacity Utilization Gauge

76.1%Capacity Utilization60%100%
Long-term Avg
79.8%
Spare Capacity
23.9%

Capacity Utilization Trend

Manufacturing vs Total Production

Year-over-Year Change (%)

Historical Data

📊 About This Data

Industrial Production Index (INDPRO) measures real output from manufacturing, mining, and electric and gas utilities. Base year: 2017=100.

Capacity Utilization (TCU) is the percentage of resources used by corporations and factories to produce goods. Values above 80% often signal inflationary pressure.

All series sourced from the Federal Reserve via FRED. Updated monthly. 1,288 observations from 1919 to 2026.

Last updated: May 25, 2026, 3:07 AM UTC·Source: FRED