Industrial Production and Capacity Utilization - G.17
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Release Date: December 3, 2025
Table 14 Historical Statistics for Industrial Production, Capacity, and Utilization: Manufacturing [1] Excluding Selected High-Technology Industries [2]
Seasonally adjusted
[1] The composition of manufacturing is specified in a note for the summary table.
[2] Selected high-technology industries are computers, communications equipment, and semiconductors and related electronic components.
[3] Quarterly percentage changes are at annual rates. Annual percentage changes are calculated from annual averages.
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| Year | Jan. | Feb. | Mar. | Apr. | May | June | July | Aug. | Sept. | Oct. | Nov. | Dec. | Q1 | Q2 | Q3 | Q4 | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IP (percent change) [3] |
|||||||||||||||||
| 2003 | .8 | -.3 | .0 | -.9 | -.1 | .3 | .1 | -.7 | .7 | -.1 | .8 | -.2 | 1.0 | -4.0 | .1 | 2.5 | .1 |
| 2004 | -.3 | .7 | -.1 | .3 | .7 | -.7 | .9 | .4 | -.1 | .9 | -.1 | .7 | 1.2 | 3.0 | 3.8 | 4.8 | 1.9 |
| 2005 | .5 | .8 | -.6 | .3 | .2 | .1 | -.5 | .4 | -1.4 | 1.4 | .9 | .1 | 5.2 | 1.5 | -2.1 | 4.8 | 3.1 |
| 2006 | .8 | -.4 | -.1 | .3 | -.4 | .2 | -.4 | .6 | .0 | -.6 | .0 | 1.5 | 3.3 | -.2 | .0 | .6 | 1.6 |
| 2007 | -.4 | .2 | .6 | .4 | .0 | .5 | .0 | -.4 | .1 | -.4 | .3 | .0 | 3.6 | 4.6 | .4 | -1.2 | 1.8 |
| 2008 | -.3 | -.9 | -.6 | -1.1 | -.7 | -.7 | -.9 | -1.3 | -3.5 | -.4 | -2.3 | -3.2 | -4.2 | -9.6 | -13.5 | -20.9 | -5.9 |
| 2009 | -3.3 | -.2 | -2.0 | -.8 | -1.2 | -.4 | 1.5 | 1.1 | 1.0 | .0 | 1.0 | -.1 | -24.8 | -11.9 | 8.1 | 7.0 | -14.0 |
| 2010 | .9 | -.2 | 1.1 | .7 | 1.3 | -.1 | .5 | .1 | .0 | .0 | .0 | .4 | 5.5 | 9.3 | 3.6 | .9 | 5.1 |
| 2011 | .0 | .2 | .7 | -.6 | .0 | .1 | .6 | .4 | .3 | .6 | -.2 | .7 | 2.3 | -.2 | 4.3 | 3.9 | 2.5 |
| 2012 | .8 | .3 | -.6 | .5 | -.4 | .2 | -.2 | -.1 | -.3 | -.3 | .6 | .7 | 4.9 | .0 | -1.6 | .5 | 2.3 |
| 2013 | -.3 | .4 | -.2 | -.4 | .3 | .2 | -.9 | .8 | .0 | .1 | -.1 | -.2 | 2.4 | -.3 | -.4 | 1.3 | .5 |
| 2014 | -1.1 | .9 | .8 | .0 | .2 | .3 | .5 | -.6 | .0 | -.1 | .7 | -.2 | -1.4 | 4.3 | 1.1 | .0 | .8 |
| 2015 | -.6 | -.8 | .4 | .0 | .0 | -.4 | .8 | -.3 | -.3 | -.2 | -.2 | -.3 | -3.6 | -.7 | .9 | -2.9 | -.7 |
| 2016 | .4 | -.4 | -.1 | -.1 | -.1 | .2 | .0 | -.5 | .1 | .0 | -.1 | .0 | -.7 | -1.2 | -.7 | -.6 | -1.0 |
| 2017 | .2 | -.1 | -.4 | 1.1 | -.2 | .1 | -.4 | -.2 | .0 | 1.0 | .0 | -.3 | -.4 | 3.0 | -2.0 | 3.6 | .2 |
| 2018 | -.3 | .9 | -.1 | .7 | -.9 | .6 | .0 | .2 | .1 | -.4 | -.2 | .3 | .1 | 2.2 | 1.2 | -1.3 | 1.1 |
| 2019 | -1.0 | -.6 | -.3 | -.6 | .0 | .4 | -.8 | .6 | -.8 | -.8 | .8 | .1 | -5.1 | -3.6 | -1.4 | -2.5 | -2.3 |
| 2020 | -.3 | .2 | -4.8 | -15.6 | 4.5 | 8.0 | 3.7 | 1.6 | .0 | 1.0 | .5 | .7 | -5.6 | -44.2 | 56.4 | 8.6 | -6.8 |
| 2021 | 1.0 | -4.2 | 3.1 | .1 | 1.0 | .0 | 1.0 | -.5 | -1.2 | 1.4 | .5 | -.2 | -.7 | 5.9 | 2.3 | 2.6 | 4.8 |
| 2022 | -.9 | .5 | .5 | -.1 | -.5 | -.6 | .0 | -.1 | .0 | .3 | -.8 | -1.7 | -1.6 | -.6 | -2.5 | -3.3 | .1 |
| 2023 | 1.8 | .0 | -.7 | .8 | -.2 | -.7 | .3 | .0 | .1 | -.5 | .4 | -.1 | .4 | -.1 | -.9 | -1.1 | -1.1 |
| 2024 | -1.5 | 1.3 | .1 | -.6 | .6 | -.2 | -.9 | .4 | -.5 | -.7 | .2 | .3 | -2.0 | .7 | -2.8 | -2.8 | -1.2 |
| 2025 | -.5 | 1.3 | .4 | -.1 | -.1 | .3 | .1 | .1 | -.1 | 3.3 | 2.3 | 1.1 | |||||
| IP (2017 = 100) |
|||||||||||||||||
| 2023 | 96.0 | 96.0 | 95.4 | 96.1 | 95.9 | 95.2 | 95.6 | 95.5 | 95.6 | 95.1 | 95.4 | 95.4 | 95.8 | 95.8 | 95.6 | 95.3 | 95.6 |
| 2024 | 93.9 | 95.2 | 95.3 | 94.7 | 95.2 | 95.0 | 94.2 | 94.6 | 94.1 | 93.4 | 93.6 | 93.9 | 94.8 | 95.0 | 94.3 | 93.7 | 94.4 |
| 2025 | 93.5 | 94.7 | 95.1 | 95.0 | 94.8 | 95.1 | 95.2 | 95.3 | 95.2 | 94.4 | 95.0 | 95.2 | |||||
| Capacity (percent of 2017 output) |
|||||||||||||||||
| 2023 | 124.6 | 124.6 | 124.6 | 124.6 | 124.6 | 124.6 | 124.6 | 124.6 | 124.7 | 124.7 | 124.7 | 124.7 | 124.6 | 124.6 | 124.6 | 124.7 | 124.6 |
| 2024 | 124.8 | 124.8 | 124.8 | 124.9 | 124.9 | 125.0 | 125.0 | 125.1 | 125.1 | 125.2 | 125.3 | 125.3 | 124.8 | 124.9 | 125.1 | 125.3 | 125.0 |
| 2025 | 125.4 | 125.4 | 125.5 | 125.6 | 125.6 | 125.7 | 125.8 | 125.9 | 125.9 | 125.4 | 125.6 | 125.9 | |||||
| Utilization (percent) |
|||||||||||||||||
| 2003 | 75.5 | 75.3 | 75.3 | 74.6 | 74.6 | 74.8 | 74.9 | 74.5 | 75.1 | 75.1 | 75.7 | 75.6 | 75.3 | 74.7 | 74.8 | 75.5 | 75.1 |
| 2004 | 75.5 | 76.1 | 76.1 | 76.4 | 77.0 | 76.5 | 77.3 | 77.6 | 77.6 | 78.3 | 78.3 | 78.8 | 75.9 | 76.6 | 77.5 | 78.5 | 77.1 |
| 2005 | 79.2 | 79.7 | 79.2 | 79.4 | 79.4 | 79.4 | 78.9 | 79.1 | 77.9 | 78.9 | 79.4 | 79.3 | 79.4 | 79.4 | 78.7 | 79.2 | 79.2 |
| 2006 | 79.8 | 79.4 | 79.2 | 79.3 | 78.9 | 79.0 | 78.5 | 78.9 | 78.8 | 78.3 | 78.2 | 79.2 | 79.5 | 79.1 | 78.8 | 78.6 | 79.0 |
| 2007 | 78.8 | 78.9 | 79.3 | 79.5 | 79.5 | 79.8 | 79.7 | 79.3 | 79.3 | 79.0 | 79.1 | 79.0 | 79.0 | 79.6 | 79.5 | 79.0 | 79.3 |
| 2008 | 78.7 | 78.0 | 77.5 | 76.6 | 76.1 | 75.5 | 74.9 | 74.0 | 71.4 | 71.1 | 69.6 | 67.4 | 78.1 | 76.1 | 73.4 | 69.4 | 74.2 |
| 2009 | 65.3 | 65.3 | 64.0 | 63.6 | 63.0 | 62.9 | 64.0 | 64.9 | 65.7 | 65.8 | 66.6 | 66.7 | 64.9 | 63.2 | 64.8 | 66.4 | 64.8 |
| 2010 | 67.4 | 67.4 | 68.4 | 69.0 | 70.0 | 70.1 | 70.6 | 70.8 | 71.0 | 71.1 | 71.3 | 71.7 | 67.7 | 69.7 | 70.8 | 71.4 | 69.9 |
| 2011 | 71.8 | 72.1 | 72.7 | 72.4 | 72.5 | 72.6 | 73.1 | 73.5 | 73.7 | 74.1 | 74.0 | 74.4 | 72.2 | 72.5 | 73.4 | 74.2 | 73.1 |
| 2012 | 75.0 | 75.2 | 74.7 | 75.0 | 74.7 | 74.8 | 74.6 | 74.5 | 74.2 | 74.0 | 74.5 | 75.0 | 75.0 | 74.9 | 74.4 | 74.5 | 74.7 |
| 2013 | 74.8 | 75.1 | 75.0 | 74.8 | 75.0 | 75.2 | 74.6 | 75.3 | 75.4 | 75.5 | 75.6 | 75.5 | 74.9 | 75.0 | 75.1 | 75.5 | 75.1 |
| 2014 | 74.7 | 75.5 | 76.2 | 76.2 | 76.5 | 76.8 | 77.2 | 76.8 | 76.8 | 76.8 | 77.5 | 77.4 | 75.5 | 76.5 | 76.9 | 77.2 | 76.5 |
| 2015 | 77.0 | 76.5 | 76.9 | 76.9 | 77.0 | 76.8 | 77.5 | 77.3 | 77.1 | 77.0 | 76.8 | 76.6 | 76.8 | 76.9 | 77.3 | 76.8 | 77.0 |
| 2016 | 76.9 | 76.6 | 76.6 | 76.4 | 76.4 | 76.5 | 76.5 | 76.2 | 76.3 | 76.3 | 76.2 | 76.3 | 76.7 | 76.4 | 76.3 | 76.3 | 76.4 |
| 2017 | 76.4 | 76.4 | 76.2 | 77.1 | 77.1 | 77.3 | 77.1 | 77.0 | 77.1 | 78.0 | 78.1 | 78.0 | 76.3 | 77.2 | 77.1 | 78.0 | 77.2 |
| 2018 | 77.8 | 78.5 | 78.5 | 79.1 | 78.5 | 79.0 | 79.1 | 79.3 | 79.4 | 79.1 | 78.9 | 79.2 | 78.3 | 78.9 | 79.2 | 79.1 | 78.9 |
| 2019 | 78.5 | 78.0 | 77.8 | 77.4 | 77.4 | 77.8 | 77.2 | 77.8 | 77.2 | 76.6 | 77.2 | 77.3 | 78.1 | 77.5 | 77.4 | 77.1 | 77.5 |
| 2020 | 77.2 | 77.4 | 73.8 | 62.3 | 65.2 | 70.4 | 73.1 | 74.4 | 74.5 | 75.3 | 75.7 | 76.3 | 76.1 | 66.0 | 74.0 | 75.8 | 73.0 |
| 2021 | 77.2 | 74.0 | 76.4 | 76.6 | 77.4 | 77.5 | 78.3 | 77.9 | 77.0 | 78.0 | 78.4 | 78.3 | 75.9 | 77.1 | 77.7 | 78.3 | 77.2 |
| 2022 | 77.6 | 78.0 | 78.3 | 78.3 | 77.9 | 77.4 | 77.4 | 77.4 | 77.4 | 77.6 | 77.0 | 75.7 | 78.0 | 77.9 | 77.4 | 76.8 | 77.5 |
| 2023 | 77.1 | 77.0 | 76.5 | 77.2 | 77.0 | 76.4 | 76.7 | 76.6 | 76.7 | 76.3 | 76.5 | 76.5 | 76.9 | 76.9 | 76.7 | 76.4 | 76.7 |
| 2024 | 75.3 | 76.3 | 76.3 | 75.8 | 76.2 | 76.1 | 75.4 | 75.6 | 75.2 | 74.6 | 74.7 | 75.0 | 76.0 | 76.0 | 75.4 | 74.8 | 75.5 |
| 2025 | 74.6 | 75.5 | 75.8 | 75.6 | 75.5 | 75.7 | 75.7 | 75.7 | 75.6 | 75.3 | 75.6 | 75.7 | |||||
[2] Selected high-technology industries are computers, communications equipment, and semiconductors and related electronic components.
[3] Quarterly percentage changes are at annual rates. Annual percentage changes are calculated from annual averages.
Last Update: December 3, 2025