Tracker
Industrial Production
Output of factories, mines, and utilities, as an index.
102.5
Index 2017=100 · latest, Apr 2026
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.