Board of Governors of the Federal Reserve System

Seasonally adjusted

Industrial production	2017=100						Percent change
	2025						2025						Aug. '24 to Aug. '25
	Mar.[r]	Apr.[r]	May[r]	June[r]	July[r]	Aug.[r]	Mar.[r]	Apr.[r]	May[r]	June[r]	July[r]	Aug.[r]
Total index	101.0	101.2	101.1	101.6	101.3	101.3	-.1	.2	-.1	.4	-.2	-.1	.8
Previous estimates	103.5	103.6	103.7	104.2	103.8	103.9	-.3	.1	.0	.5	-.4	.1	.9
Major market groups
Final Products	97.4	97.4	97.5	97.7	97.8	97.6	-.1	.0	.1	.2	.1	-.1	.5
Consumer goods	98.4	98.4	98.1	98.3	98.3	98.2	-.7	.0	-.2	.2	.0	-.1	-.5
Business equipment	91.9	92.2	93.3	93.6	93.9	93.6	1.6	.3	1.2	.3	.3	-.4	3.7
Nonindustrial supplies	98.3	98.1	97.8	97.8	97.3	97.2	.2	-.2	-.3	.0	-.5	-.2	.5
Construction	100.3	99.4	99.1	99.2	98.4	98.9	.8	-.9	-.3	.1	-.8	.5	1.6
Materials	105.4	105.9	105.7	106.5	106.1	106.2	-.1	.5	-.2	.8	-.4	.0	1.3
Major industry groups
Manufacturing (see note below)	96.8	96.8	96.7	97.0	97.0	97.0	.4	.0	.0	.3	.0	.1	1.0
Previous estimates	100.2	99.7	99.9	100.1	100.0	100.3	.5	-.4	.1	.3	-.1	.2	.9
Mining	120.3	120.3	120.9	121.5	119.5	120.7	.9	.0	.5	.5	-1.6	1.0	.9
Utilities	107.0	108.8	107.7	109.2	109.1	106.9	-4.0	1.7	-1.0	1.4	-.1	-2.0	.0

Capacity utilization	Percent of capacity												Capacity growth
	Average 1972- 2024	1988- 89 high	1990- 91 low	1994- 95 high	2008- 09 low	2024 Aug.
							2025						Aug. '24 to Aug. '25
							Mar.[r]	Apr.[r]	May[r]	June[r]	July[r]	Aug.[r]
Total industry	79.5	85.2	78.8	85.0	66.5	76.3	76.1	76.2	76.0	76.2	76.0	75.8	1.4
Previous estimates	79.6	85.2	78.7	84.8	66.6	77.9	77.6	77.5	77.5	77.8	77.4	77.4	1.5
Manufacturing (see note below)	78.2	85.5	77.2	84.6	63.4	75.6	75.8	75.7	75.6	75.7	75.7	75.6	1.0
Previous estimates	78.2	85.5	77.1	84.4	63.5	77.0	77.0	76.6	76.7	76.8	76.7	76.8	1.2
Mining	85.2	86.3	84.4	88.6	78.3	83.9	84.2	84.2	84.7	85.2	83.8	84.7	.0
Utilities	84.3	93.2	84.7	93.2	78.1	72.7	71.0	71.9	70.9	71.7	71.3	69.7	4.3
Stage-of-process groups
Crude	84.6	87.9	84.9	90.0	76.5	82.2	82.4	82.9	83.0	83.5	82.4	83.2	.0
Primary and semifinished	80.2	86.4	77.9	87.7	63.5	76.3	76.0	76.0	75.7	76.0	75.8	75.2	1.6
Finished	76.7	83.3	77.4	80.7	66.3	73.8	73.9	73.8	73.7	73.8	73.8	73.8	1.5

r Revised.
Note. The statistics in this release cover output, capacity, and capacity utilization in the U.S. industrial sector, which is defined by the Federal Reserve to comprise manufacturing, mining, and electric and gas utilities. Mining is defined as all industries in sector 21 of the North American Industry Classification System (NAICS); electric and gas utilities are those in NAICS sectors 2211 and 2212. Manufacturing comprises NAICS manufacturing industries (sector 31-33) plus the logging industry and the newspaper, periodical, book, and directory publishing industries (except exclusive Internet publishing). Logging and publishing are classified elsewhere in NAICS (under agriculture and information respectively), but historically they were considered to be manufacturing and were included in the industrial sector under the Standard Industrial Classification (SIC) system. In December 2002 the Federal Reserve reclassified all of its industrial output data from the SIC system to NAICS.