Industrial Production in the United States decreased 0.20 percent in May of 2025 over the previous month. This dataset provides the latest reported value for - United States Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In April 2025, the Industrial Production Index (IPI) came to a value of ***** in the United States. This reflects no significant change from the previous month.The IPI was created by the Federal Reserve to measure the performance of industrial production - manufacturing, mining, electric and gas industries - in the United States relative to a base year. A value of over *** shows positive production performance, while a value below *** indicates an industrial production performance below the standards of the base year.

Graph and download economic data for Industrial Production: Manufacturing (NAICS) (IPMAN) from Jan 1972 to May 2025 about NAICS, headline figure, IP, production, manufacturing, industry, indexes, and USA.

Key information about United States Industrial Production Index Growth

• United States Industrial production rose 2.0 % YoY in Jan 2025, following an increase of 0.3 % YoY in the previous month.
• US Industrial production index growth rate YoY data is updated monthly, available from Jan 1920 to Jan 2025, with an average rate of 3.2 %.
• The data reached an all-time high of 62.0 % in Jul 1933 and a record low of -33.7 % in Feb 1946.

The United States manufacturing sector output increased 5.1 percent in the first quarter of 2025. The data are seasonally adjusted at annual rates. Manufacturing sector output is a chain-type, current-weighted index constructed after excluding from the gross domestic product (GDP) the following outputs: general government, nonprofit institutions, and private households (including owner-occupied housing). Corresponding exclusions are also made in labor inputs.

Graph and download economic data for Manufacturing Sector: Output per Worker for All Workers (PRS30006163) from Q1 1987 to Q1 2025 about output, sector, personal, manufacturing, real, and USA.

This interactive chart tracks the Federal Reserve's Industrial Production Index, which measures real output for all facilities located in the United States manufacturing, mining, and electric, and gas utilities (excluding those in U.S. territories).

Graph and download economic data for Industrial Production: Manufacturing Excluding Hi-Tech and Motor Vehicles & Parts (IPX4HTMVSQ) from Q1 1967 to Q1 2025 about parts, IP, vehicles, production, manufacturing, industry, indexes, and USA.

Industrial production, annual percent change in the USA, May, 2025 The most recent value is 0.6 percent as of May 2025, a decline compared to the previous value of 1.43 percent. Historically, the average for the USA from January 1960 to May 2025 is 2.45 percent. The minimum of -17.26 percent was recorded in April 2020, while the maximum of 16.12 percent was reached in April 2021. | TheGlobalEconomy.com

From the 1920s until the Second World War, industrial output in the major economies of the Americas fluctuated greatly. Using manufacturing output in 1938 as a benchmark, the U.S. had fairly consistent output throughout the 1920s, before there was a significant drop after the Wall Street Crash in 1929 - by 1932, output fell to around two thirds of its 1929 level, and it would take another five years to recover thereafter. After the Recession of 1937-38, manufacturing output then doubled by the early-1940s, as the U.S. ramped up armament before it joined the Second World War. Output in 1943 was almost three times higher than it had been in 1938.

Canada's industrial output followed a similar trend to that of the U.S., whereas Mexico saw comparatively little change across the given period. Similar to Mexico, Brazil's manufacturing output was not drastically affected by the Great Depression, although Brazil saw the largest relative growth over the given period, with output in 1944 over five times higher than it had been in the mid-1920s - it should be noted, however, that both Latin American countries' manufacturing industries were at a much lower stage of development than the North American industries during this time.

Graph and download economic data for Production: Manufacturing: Total Manufacturing for United States (PRMNTO01USQ657S) from Q2 1919 to Q1 2025 about IP, manufacturing, and USA.

In July 2024, global industrial production, excluding the United States, increased by 1.5 percent compared to the same time in the previous year, based on three month moving averages. This is compared to an increase of 0.2 percent in advanced economies (excluding the United States) for the same time period. The global industrial production collapsed after the outbreak of COVID-19, but increased steadily in the months after, peaking at 23 percent in June 2021. Industrial growth rate tracks the output production in the industrial sector.

In April 2025, the Industrial Capacity Index (ICI) of the United States came to *****. The industrial capacity index was created by the Federal Reserve to estimate the sustainable potential output of industrial production in the United States. It covers the manufacturing, mining, and utilities industries. The capacity index is shown as a percentage of the real production output of the base year, 2017.

United States US: Industrial Production Index: % Change over Previous Period data was reported at 3.302 % in Jun 2018. This records an increase from the previous number of -0.145 % for May 2018. United States US: Industrial Production Index: % Change over Previous Period data is updated monthly, averaging 0.269 % from Feb 1955 (Median) to Jun 2018, with 761 observations. The data reached an all-time high of 9.437 % in Aug 1956 and a record low of -9.527 % in Jul 1956. United States US: Industrial Production Index: % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.IFS: Production Index.

explanatory notes (https://www.federalreserve.gov/releases/g17/About.htm) issued by the Board of Governors. For recent updates, see the announcements (https://www.federalreserve.gov/feeds/g17.html) issued by the Board of Governors.

United States Industrial Production Nowcast: sa: YoY: Contribution: Business Cycle Indicators: Financial Stress Index (STLFSI4) data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. United States Industrial Production Nowcast: sa: YoY: Contribution: Business Cycle Indicators: Financial Stress Index (STLFSI4) data is updated weekly, averaging 0.000 % from Feb 2020 (Median) to 12 May 2025, with 273 observations. The data reached an all-time high of 2.097 % in 11 Nov 2024 and a record low of 0.000 % in 12 May 2025. United States Industrial Production Nowcast: sa: YoY: Contribution: Business Cycle Indicators: Financial Stress Index (STLFSI4) data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Industrial Production.

This statistic represents the industrial production index for the manufacturing of electrical equipment in the U.S. between 2016 to 2019. In 2019, the manufacturing of electrical equipment, appliances, and components had an industrial production index of 103.3 compared to the 2012 baseline.

Graph and download economic data for Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for United States (USAPROINDMISMEI) from Jan 1919 to Apr 2024 about IP, indexes, and USA.

Industrial Production, constant US$ in Honduras was reported at 0 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Honduras - Industrial Production, constant US$ - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

IPI: sa: Mfg: Petroleum & Coal Pdt: PR: Other Output data was reported at 98.603 2012=100 in Jun 2018. This records an increase from the previous number of 98.076 2012=100 for May 2018. IPI: sa: Mfg: Petroleum & Coal Pdt: PR: Other Output data is updated monthly, averaging 104.305 2012=100 from Jan 1972 (Median) to Jun 2018, with 558 observations. The data reached an all-time high of 141.325 2012=100 in Jan 1980 and a record low of 76.648 2012=100 in Apr 1975. IPI: sa: Mfg: Petroleum & Coal Pdt: PR: Other Output data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.B006: Industrial Production Index: By NAIC System: 2012=100: Manufacturing: Seasonally Adjusted.