Industrial Production and Capacity Utilization - G.17
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Release Date: November 24, 2025
Table 7A Industrial Production: Manufacturing [1]
Seasonally adjusted
Note: Estimates from April 2025 through August 2025 are subject to further revision in the upcoming monthly releases.
[1] See footnote 2 to table 2.
[2] Annual averages of industrial production are calculated from not seasonally adjusted indexes.
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| Jan. | Feb. | Mar. | Apr. | May | June | July | Aug. | Sept. | Oct. | Nov. | Dec. | Q1 | Q2 | Q3 | Q4 | Annual [2] | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IP (percent change) |
|||||||||||||||||
| 1995 | .1 | -.2 | .3 | -.3 | .4 | .5 | -.7 | 1.2 | .9 | -.1 | .1 | .3 | 4.5 | .8 | 3.4 | 4.2 | 5.2 |
| 1996 | -.7 | 1.5 | -.2 | 1.2 | .8 | .9 | .4 | .5 | .8 | .0 | .9 | .9 | 2.0 | 10.1 | 7.9 | 6.2 | 5.0 |
| 1997 | .1 | 1.4 | 1.0 | .0 | .7 | .6 | .8 | 1.2 | .9 | .9 | 1.0 | .5 | 9.4 | 7.2 | 10.7 | 11.5 | 8.5 |
| 1998 | .8 | .2 | -.2 | .5 | .5 | -.7 | -.4 | 2.5 | -.1 | .9 | .2 | .6 | 6.0 | 2.1 | 3.5 | 8.0 | 6.7 |
| 1999 | .3 | .9 | .0 | .4 | .8 | -.2 | .4 | .6 | -.4 | 1.4 | .6 | .7 | 5.6 | 4.6 | 3.1 | 8.2 | 5.2 |
| 2000 | -.1 | .2 | .6 | .6 | .0 | .1 | .1 | -.6 | .5 | -.4 | -.3 | -.6 | 3.8 | 4.4 | -.4 | -2.6 | 3.7 |
| 2001 | -.4 | -.7 | -.2 | -.4 | -.5 | -.6 | -.5 | -.4 | -.4 | -.4 | -.4 | .2 | -5.3 | -5.1 | -5.8 | -3.9 | -3.5 |
| 2002 | .6 | .0 | .7 | .3 | .5 | 1.0 | -.1 | .1 | .0 | -.3 | .5 | -.6 | 3.5 | 5.7 | 3.1 | -.2 | .4 |
| 2003 | .8 | -.1 | .1 | -.7 | .0 | .5 | .3 | -.5 | .8 | .1 | .9 | -.1 | 2.2 | -2.0 | 2.4 | 4.2 | 1.4 |
| 2004 | -.1 | .7 | .0 | .3 | .7 | -.7 | .9 | .4 | .0 | .9 | .0 | .8 | 2.4 | 3.1 | 4.0 | 5.4 | 3.0 |
| 2005 | .6 | .9 | -.5 | .4 | .3 | .2 | -.3 | .5 | -1.1 | 1.4 | .9 | .1 | 6.5 | 2.7 | -.5 | 6.2 | 4.1 |
| 2006 | .8 | -.3 | .0 | .4 | -.2 | .3 | -.3 | .7 | .1 | -.5 | .1 | 1.5 | 4.0 | .7 | 1.1 | 1.6 | 2.6 |
| 2007 | -.3 | .3 | .8 | .6 | .0 | .4 | .0 | -.3 | .3 | -.2 | .5 | .1 | 4.7 | 5.7 | .5 | 1.2 | 2.8 |
| 2008 | -.2 | -.7 | -.4 | -1.0 | -.6 | -.7 | -1.0 | -1.3 | -3.5 | -.7 | -2.5 | -3.3 | -2.3 | -8.1 | -13.5 | -22.1 | -4.7 |
| 2009 | -3.2 | -.1 | -1.8 | -.7 | -1.1 | -.3 | 1.5 | 1.1 | 1.0 | .1 | 1.0 | -.1 | -24.8 | -10.7 | 8.4 | 7.7 | -13.8 |
| 2010 | 1.0 | .0 | 1.2 | .8 | 1.3 | -.1 | .5 | .1 | .1 | .0 | .1 | .5 | 7.1 | 10.1 | 4.1 | 1.6 | 6.0 |
| 2011 | .0 | .2 | .6 | -.5 | .0 | .1 | .6 | .5 | .2 | .5 | -.2 | .7 | 3.0 | -.1 | 4.5 | 3.9 | 2.9 |
| 2012 | .8 | .4 | -.5 | .5 | -.3 | .3 | -.2 | -.2 | -.2 | -.2 | .6 | .7 | 5.4 | .6 | -1.3 | 1.0 | 2.6 |
| 2013 | -.2 | .4 | -.1 | -.3 | .3 | .2 | -.8 | .9 | .1 | .2 | .0 | -.2 | 2.7 | .2 | .2 | 1.7 | .9 |
| 2014 | -1.0 | .9 | .9 | .0 | .3 | .3 | .4 | -.6 | .0 | -.1 | .7 | -.2 | -1.1 | 4.7 | 1.4 | .1 | 1.1 |
| 2015 | -.6 | -.7 | .4 | .0 | .0 | -.4 | .8 | -.3 | -.3 | -.1 | -.3 | -.3 | -3.5 | -.5 | .8 | -2.8 | -.6 |
| 2016 | .4 | -.3 | -.1 | -.1 | -.1 | .2 | .0 | -.4 | .2 | .1 | -.1 | .0 | -.4 | -.9 | -.2 | -.1 | -.8 |
| 2017 | .1 | -.1 | -.3 | 1.2 | -.1 | .1 | -.4 | -.2 | .0 | 1.1 | .1 | -.3 | -.4 | 3.4 | -2.0 | 3.9 | .4 |
| 2018 | -.3 | .8 | -.1 | .7 | -.8 | .6 | .1 | .2 | .0 | -.4 | -.3 | .3 | .3 | 2.4 | 1.6 | -1.4 | 1.3 |
| 2019 | -.9 | -.6 | -.3 | -.6 | .0 | .4 | -.7 | .6 | -.8 | -.8 | .8 | .1 | -4.7 | -3.4 | -1.2 | -2.4 | -2.0 |
| 2020 | -.3 | .2 | -4.6 | -15.2 | 4.3 | 7.7 | 3.7 | 1.6 | .1 | 1.0 | .5 | .7 | -5.4 | -43.4 | 54.7 | 9.1 | -6.5 |
| 2021 | .9 | -4.0 | 3.1 | .2 | 1.0 | .0 | .9 | -.5 | -1.2 | 1.4 | .6 | -.1 | -.5 | 6.1 | 2.0 | 3.0 | 4.9 |
| 2022 | -.9 | .6 | .5 | -.1 | -.5 | -.6 | .0 | .0 | .0 | .3 | -.8 | -1.7 | -1.1 | -.2 | -2.0 | -3.3 | .4 |
| 2023 | 1.7 | .0 | -.7 | .9 | -.2 | -.7 | .4 | -.1 | .1 | -.5 | .4 | -.1 | .3 | .2 | -.8 | -.9 | -.9 |
| 2024 | -1.5 | 1.3 | .1 | -.6 | .6 | -.2 | -.8 | .5 | -.5 | -.7 | .2 | .4 | -2.0 | 1.1 | -2.4 | -2.4 | -1.0 |
| 2025 | -.4 | 1.3 | .4 | .0 | .0 | .3 | .0 | .1 | 3.9 | 3.1 | |||||||
| IP (2017=100) | |||||||||||||||||
| 1995 | 72.4 | 72.2 | 72.4 | 72.2 | 72.5 | 72.8 | 72.3 | 73.2 | 73.8 | 73.7 | 73.8 | 74.0 | 72.3 | 72.5 | 73.1 | 73.8 | 72.9 |
| 1996 | 73.5 | 74.6 | 74.5 | 75.4 | 76.0 | 76.7 | 77.0 | 77.4 | 78.0 | 77.9 | 78.7 | 79.3 | 74.2 | 76.0 | 77.5 | 78.7 | 76.6 |
| 1997 | 79.4 | 80.6 | 81.3 | 81.3 | 81.9 | 82.4 | 83.0 | 84.0 | 84.8 | 85.6 | 86.4 | 86.8 | 80.4 | 81.8 | 84.0 | 86.3 | 83.1 |
| 1998 | 87.5 | 87.6 | 87.5 | 87.9 | 88.4 | 87.7 | 87.3 | 89.5 | 89.4 | 90.2 | 90.3 | 90.9 | 87.5 | 88.0 | 88.8 | 90.5 | 88.7 |
| 1999 | 91.2 | 92.0 | 92.0 | 92.3 | 93.1 | 92.8 | 93.2 | 93.8 | 93.4 | 94.7 | 95.3 | 95.9 | 91.7 | 92.7 | 93.4 | 95.3 | 93.3 |
| 2000 | 95.9 | 96.1 | 96.6 | 97.2 | 97.2 | 97.3 | 97.4 | 96.8 | 97.3 | 96.9 | 96.6 | 96.0 | 96.2 | 97.2 | 97.1 | 96.5 | 96.8 |
| 2001 | 95.7 | 95.0 | 94.9 | 94.5 | 94.0 | 93.5 | 93.0 | 92.6 | 92.2 | 91.8 | 91.5 | 91.7 | 95.2 | 94.0 | 92.6 | 91.7 | 93.3 |
| 2002 | 92.2 | 92.2 | 92.8 | 93.1 | 93.6 | 94.5 | 94.4 | 94.5 | 94.5 | 94.3 | 94.8 | 94.2 | 92.4 | 93.7 | 94.5 | 94.4 | 93.8 |
| 2003 | 95.0 | 94.9 | 95.0 | 94.3 | 94.3 | 94.8 | 95.1 | 94.6 | 95.4 | 95.5 | 96.3 | 96.2 | 94.9 | 94.5 | 95.0 | 96.0 | 95.1 |
| 2004 | 96.1 | 96.8 | 96.8 | 97.1 | 97.8 | 97.1 | 98.0 | 98.4 | 98.4 | 99.3 | 99.3 | 100.1 | 96.6 | 97.3 | 98.3 | 99.6 | 97.9 |
| 2005 | 100.7 | 101.6 | 101.1 | 101.6 | 101.8 | 102.1 | 101.7 | 102.2 | 101.1 | 102.6 | 103.5 | 103.6 | 101.1 | 101.8 | 101.7 | 103.2 | 102.0 |
| 2006 | 104.4 | 104.2 | 104.2 | 104.5 | 104.3 | 104.6 | 104.2 | 105.0 | 105.1 | 104.6 | 104.7 | 106.2 | 104.3 | 104.5 | 104.8 | 105.2 | 104.7 |
| 2007 | 105.9 | 106.2 | 107.1 | 107.7 | 107.7 | 108.1 | 108.1 | 107.8 | 108.1 | 107.9 | 108.4 | 108.6 | 106.4 | 107.9 | 108.0 | 108.3 | 107.6 |
| 2008 | 108.3 | 107.6 | 107.1 | 106.1 | 105.4 | 104.7 | 103.7 | 102.4 | 98.9 | 98.2 | 95.8 | 92.5 | 107.7 | 105.4 | 101.7 | 95.5 | 102.6 |
| 2009 | 89.5 | 89.4 | 87.8 | 87.2 | 86.2 | 86.0 | 87.3 | 88.2 | 89.2 | 89.3 | 90.2 | 90.1 | 88.9 | 86.5 | 88.2 | 89.9 | 88.4 |
| 2010 | 91.1 | 91.0 | 92.2 | 92.9 | 94.0 | 94.0 | 94.5 | 94.6 | 94.7 | 94.7 | 94.9 | 95.3 | 91.4 | 93.6 | 94.6 | 95.0 | 93.6 |
| 2011 | 95.4 | 95.5 | 96.1 | 95.6 | 95.6 | 95.7 | 96.3 | 96.8 | 97.0 | 97.5 | 97.3 | 98.0 | 95.7 | 95.6 | 96.7 | 97.6 | 96.4 |
| 2012 | 98.8 | 99.2 | 98.7 | 99.2 | 98.9 | 99.1 | 98.9 | 98.8 | 98.5 | 98.4 | 99.0 | 99.6 | 98.9 | 99.1 | 98.7 | 99.0 | 98.9 |
| 2013 | 99.4 | 99.8 | 99.7 | 99.4 | 99.7 | 99.9 | 99.2 | 100.0 | 100.1 | 100.2 | 100.2 | 100.0 | 99.6 | 99.7 | 99.7 | 100.1 | 99.8 |
| 2014 | 99.0 | 99.9 | 100.8 | 100.8 | 101.0 | 101.4 | 101.8 | 101.2 | 101.2 | 101.0 | 101.7 | 101.5 | 99.9 | 101.0 | 101.4 | 101.4 | 100.9 |
| 2015 | 100.9 | 100.1 | 100.5 | 100.5 | 100.5 | 100.2 | 100.9 | 100.6 | 100.3 | 100.2 | 99.9 | 99.6 | 100.5 | 100.4 | 100.6 | 99.9 | 100.4 |
| 2016 | 100.0 | 99.7 | 99.6 | 99.5 | 99.4 | 99.7 | 99.7 | 99.3 | 99.5 | 99.5 | 99.4 | 99.4 | 99.8 | 99.5 | 99.5 | 99.5 | 99.6 |
| 2017 | 99.6 | 99.5 | 99.1 | 100.3 | 100.1 | 100.2 | 99.8 | 99.7 | 99.7 | 100.7 | 100.8 | 100.5 | 99.4 | 100.2 | 99.7 | 100.7 | 100.0 |
| 2018 | 100.2 | 101.1 | 101.0 | 101.7 | 100.9 | 101.5 | 101.6 | 101.8 | 101.9 | 101.5 | 101.2 | 101.6 | 100.8 | 101.4 | 101.8 | 101.4 | 101.3 |
| 2019 | 100.7 | 100.1 | 99.8 | 99.2 | 99.2 | 99.6 | 98.9 | 99.5 | 98.7 | 97.9 | 98.7 | 98.8 | 100.2 | 99.3 | 99.0 | 98.4 | 99.3 |
| 2020 | 98.5 | 98.6 | 94.1 | 79.8 | 83.2 | 89.6 | 92.9 | 94.4 | 94.4 | 95.4 | 95.9 | 96.6 | 97.1 | 84.2 | 93.9 | 96.0 | 92.8 |
| 2021 | 97.5 | 93.6 | 96.5 | 96.6 | 97.6 | 97.6 | 98.5 | 98.0 | 96.8 | 98.2 | 98.7 | 98.6 | 95.8 | 97.3 | 97.8 | 98.5 | 97.3 |
| 2022 | 97.7 | 98.3 | 98.7 | 98.7 | 98.2 | 97.7 | 97.7 | 97.7 | 97.7 | 97.9 | 97.2 | 95.5 | 98.2 | 98.2 | 97.7 | 96.9 | 97.7 |
| 2023 | 97.1 | 97.2 | 96.5 | 97.3 | 97.1 | 96.5 | 96.8 | 96.7 | 96.8 | 96.3 | 96.7 | 96.7 | 96.9 | 97.0 | 96.8 | 96.6 | 96.8 |
| 2024 | 95.2 | 96.5 | 96.6 | 96.0 | 96.6 | 96.4 | 95.6 | 96.1 | 95.6 | 94.9 | 95.1 | 95.5 | 96.1 | 96.4 | 95.8 | 95.2 | 95.8 |
| 2025 | 95.1 | 96.4 | 96.8 | 96.8 | 96.7 | 97.0 | 97.0 | 97.0 | 96.1 | 96.8 | |||||||
[1] See footnote 2 to table 2.
[2] Annual averages of industrial production are calculated from not seasonally adjusted indexes.
Last Update: November 24, 2025