MarketXLS

Industrial Production: Total Index 102.99 for 

Industrial Production: Total Index came in at 102.99 (Index 2017=100) for Jul 2026, up 0.20% from 102.79 the prior month and 1.08% above its level of 101.89 one year ago. The series has averaged 47.01 since 1919, reaching a record high of 104.1 in September 2018 and a record low of 3.69 in July 1932.

Source: Federal Reserve Economic Data (FRED), St. Louis Fed

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Cite this data: "Industrial Production: Total Index," MarketXLS. Data from Federal Reserve Economic Data (FRED), St. Louis Fed. marketxls.com/indicators/industrial-production-index

Historical Data

⋮
⋮
July 1, 2026102.99
June 1, 2026102.79
May 1, 2026102.51
April 1, 2026102.52
March 1, 2026101.75
February 1, 2026101.91
January 1, 2026101.04
December 1, 2025101.49
November 1, 2025101.03
October 1, 2025101.22
September 1, 2025101.67
August 1, 2025101.62
July 1, 2025101.89
June 1, 2025101.48
May 1, 2025100.97
April 1, 2025101.13
March 1, 2025101.04
February 1, 2025101.1
January 1, 2025100.06
December 1, 2024100.33
⋮
⋮
October 1, 197242.75
September 1, 197242.21
August 1, 197241.88
July 1, 197241.3
June 1, 197241.35
May 1, 197241.24
April 1, 197241.23
March 1, 197240.83
February 1, 197240.55
January 1, 197240.14
December 1, 197139.2
November 1, 197138.76
October 1, 197138.59
September 1, 197138.31
August 1, 197137.69
July 1, 197137.91
June 1, 197138.02
May 1, 197137.86
April 1, 197137.67
March 1, 197137.46

About Industrial Production: Total Index

What it measures

The Industrial Production Index (FRED series INDPRO) measures the real output of US manufacturing, mining, and electric and gas utilities, published monthly by the Federal Reserve Board as a seasonally adjusted index with a 2017 base of 100. It is built from physical product data, electricity usage, and production-worker hours across hundreds of industries, making it one of the few high-frequency measures of actual physical output rather than spending.

Why it matters

Although industry is a minority share of GDP, it drives a disproportionate share of cyclical swings, so the index is a staple input to recession dating by the NBER and to monthly GDP tracking. It gauges the goods-producing economy directly, without price distortion. Equity analysts map its manufacturing detail to industrial-sector revenue, and the Federal Reserve publishes it, giving policymakers a house view of real activity.

How to read it

Focus on the manufacturing subindex, since utilities output swings with weather and mining with oil drilling, both of which can mask factory trends. Monthly changes are small and revised heavily, so three-month annualized rates give a cleaner momentum read. Sustained declines across multiple months have accompanied every modern recession, but goods-sector weakness can also occur while the larger services economy keeps expanding.

Get Industrial Production: Total Index in Excel

Pull Industrial Production: Total Index directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:

=IndustrialProduction()

View the Industrial Production Index formula documentation or browse all 100+ Economic Data functions.

Frequently Asked Questions

What is the current Industrial Production: Total Index?

Industrial Production: Total Index is 102.99 (Index 2017=100) as of July 2026.

What is the all-time high and low of Industrial Production: Total Index?

The highest value on record is 104.1 (September 2018) and the lowest is 3.69 (July 1932).

How often is Industrial Production: Total Index updated?

Industrial Production: Total Index is published on a monthly basis, sourced from Federal Reserve Economic Data (FRED).

How do I get Industrial Production: Total Index in Excel?

Use the MarketXLS Excel formula =IndustrialProduction() to pull Industrial Production: Total Index directly into any cell, with historical values available for analysis.

Basic info
Industrial production is a measure of output of the industrial sector of the economy. The industrial sector includes manufacturing, mining, and utilities. Although these sectors contribute only a small portion of gross domestic product, they are
RegionUnited States
FrequencyMonthly
Last updatedAugust 18, 2026
Seasonal adjustmentSeasonally Adjusted
UnitIndex 2017=100

Stats
Last Value102.99
Latest PeriodJul 2026
Last UpdatedAugust 18 2026, 08:20
Value Previous Month102.79
Change From Previous Month0.20%
Value 1 Year Ago101.89
Change From Year Ago1.08%
Average Growth Rate2.88%/yr
Record High (Sep 2018)104.1
Record Low (Jul 1932)3.69
Long-Term Average47.01
FrequencyMonthly
AdjustmentSeasonally Adjusted
UnitIndex 2017=100

Annual Averages
2026102.22
2025101.23
2024100.11
2023100.76
2022100.98
202199.29
202095.09
2019102.35
2018103.16
2017100
201698.8
2015100.97

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Corporate Profits After Tax
Housing Starts
Building Permits
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