CONVEX
Sign in
Economic Activitymonthly

Industrial Production

Industrial production index, measures factory, mining, and utility output.

ByConvex Research Desk·Edited byBen Bleierⓘ·

The Industrial Production is currently 102.5, last updated .

102.5
1W +0.68%1M +0.68%3M +0.68%
Updated 3h ago
All formats →
Statistical forecast 2026
Model-based central estimate, 68% and 95% confidence bands for Industrial Production, blended across current macro regimes.
View forecast →
Download dataCSV (full history)·JSON (latest)·View on FRED ↗
Start here
Check the chart
Range controls, thresholds, and trend.
Scan recent data
Latest observations and changes.
Continue analysis
Forecasts, comparisons, and related signals.

Economic activity indicators reveal whether the economy is expanding or contracting in real time. ISM PMI readings above 50 signal expansion, while GDP growth tells the definitive story each quarter. Leading indicators like the Conference Board LEI can flag downturns months in advance, giving traders a head start on positioning.

Updated 3h ago

AI Analysis

May 14, 2026

The hot CPI print (pending event, 24h ago) is not a surprise — it is a CONFIRMATION of the pipeline signals that have been building for weeks: PPI accelerating faster than CPI, Cleveland nowcast at 5.28%, breakevens rising +10bp 1M across the curve. Growth is decelerating on multiple fronts: GDPNow at 1.3%, housing permits -11.4% 3M, claims momentum rising, real wages -0.6%. The only credible invalidation is a real yield spike above 2.25% on the 10Y TIPS (currently 1.95%) combined with DXY broad above 121 — neither is imminent.

Recent Data

Download CSV
DateValueChange
Apr 1, 2026102.5+0.68%
Mar 1, 2026101.81-0.29%
Feb 1, 2026102.1+0.62%
Jan 1, 2026101.47-0.05%
Dec 1, 2025101.52+0.43%
Nov 1, 2025101.08-0.12%
Oct 1, 2025101.21-0.45%
Sep 1, 2025101.67+0.04%
Aug 1, 2025101.62-0.26%
Jul 1, 2025101.89+0.41%
Jun 1, 2025101.48+0.51%
May 1, 2025100.97-0.16%
Apr 1, 2025101.13+0.09%
Mar 1, 2025101.04-0.06%
Feb 1, 2025101.1+1.03%
Jan 1, 2025100.06-0.26%
Dec 1, 2024100.33+1.04%
Nov 1, 202499.29-0.18%
Oct 1, 202499.47-0.34%
Sep 1, 202499.81-0.62%
Aug 1, 2024100.43+0.46%
Jul 1, 202499.98-0.91%
Jun 1, 2024100.89+0.03%
May 1, 2024100.86—

Related in Economic Activity

Nominal GDP
US gross domestic product in current dollars.
Real GDP
Inflation-adjusted GDP, the definitive measure of economic output.
Capacity Utilization
Industrial capacity utilization rate, high readings signal inflationary bottlenecks.
Retail Sales (ex Food Svc)
Advance retail sales excluding food services, consumer spending momentum.

Explore Further

Forecast 2026
Industrial Production Outlook
Scenario-weighted forecast using regime implied approach.
Comparison
Industrial Production vs Capacity Utilization
Industrial Production (FRED INDPRO) measures the real output of factories, mining, and utilities indexed to 2017 = 100. ...
Scenario
What Happens When the Gold-Silver Ratio Exceeds 90?
Gold-silver ratio above 90 signals industrial or financial stress. What happens when gold dramatically outpaces silver, ...
Scenario
What Happens When Industrial Production Declines?
What happens when industrial production declines for multiple months? Manufacturing recession signals, cyclical sector i...
Category
All Economic Activity Data
GDP, ISM PMI, retail sales, industrial production, and leading indicators. Gauge the real economy with the broadest set ...

Frequently Asked Questions

▶What is Industrial Production?
Industrial production index, measures factory, mining, and utility output.
▶How does Industrial Production relate to economic activity?
Industrial Production is part of the Economic Activity category. Economic activity indicators reveal whether the economy is expanding or contracting in real time. ISM PMI readings above 50 signal expansion, while GDP growth tells the definitive story each quarter. Leading indicators like the Conference Board LEI can flag downturns months in advance, giving traders a head start on positioning.
▶How often is Industrial Production updated?
Industrial Production is updated once per month when the releasing agency publishes new data. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source Industrial Production data?
Convex sources Industrial Production data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the Industrial Production chart page?
The Industrial Production page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
ShareXRedditLinkedInHN

Get daily macro analysis covering Industrial Production and related indicators delivered to your inbox.

Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated monthly. This page is for informational purposes only and does not constitute financial advice.