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Industrial production increased 0.7 percent in January after moving up 0.2 percent in December. In January, manufacturing output advanced 0.6 percent, the index for mining decreased 0.2 percent, and utilities output moved up 2.1 percent. Capacity utilization rose to 76.2 percent, a rate that is 3.2 percentage points below its long-run (1972–2025) average.

Industrial Production and Capacity Utilization: Summary

Market Groups

All major market groups posted gains in January. The output of consumer goods stepped up 0.7 percent, supported by increases in the production of both durable and nondurable goods. The production of business equipment rose 0.9 percent, with gains in all market categories. The output of nonindustrial supplies rose 0.9 percent, with positive contributions from both business and construction supplies. Materials production rose 0.6 percent.

Industry Groups

The 0.6 percent increase in manufacturing output was the largest since February 2025, with widespread gains across industry groups. Durable manufacturing output increased 0.8 percent, with gains in nearly all component industries, including increases of at least 1 percent in the production of nonmetallic mineral products, machinery, computer and electronic products, miscellaneous durable goods, and motor vehicles and parts, which increased for the first time since August 2025. Nondurable manufacturing output rose 0.4 percent, with mixed results among component industries: Gains in the production of paper, printing and support, chemicals, and plastics and rubber products more than offset declines in the remaining industries.

Mining output decreased 0.2 percent in January, following a 0.9 percent decrease in December, while the output for utilities increased 2.1 percent in January.

Capacity utilization for manufacturing increased 0.4 percentage point in January to 75.6 percent, a rate that is 2.6 percentage points below its long-run (1972–2025) average. The operating rate for mining ticked down 0.1 percentage point to 84.4 percent, and the operating rate for utilities moved up 1.3 percentage points to 72.9 percent. The utilization rates for mining and utilities were 0.8 percentage point and 11.1 percentage points below their long-run averages, respectively.

Note: Preliminary Estimates of Industrial Capacity

The data in this release include preliminary estimates of industrial capacity for 2026 (table 8). Measured from Q4 to Q4, total industrial capacity is projected to rise 1.1 percent in 2026 after increasing 1.5 percent in 2025. Manufacturing capacity is expected to move up 1.0 percent in 2026 after increasing 1.1 percent in 2025. Capacity in the mining sector is estimated to increase 0.1 percent in 2026 after declining 0.3 percent in 2025. Capacity at electric and natural gas utilities is projected to rise 2.8 percent in 2026 after expanding 4.4 percent in 2025.

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.

G.17 Release Tables:

• Summary: Industrial Production and Capacity Utilization
• Chart 1: Industrial Production, Capacity, and Capacity Utilization
• Chart 2: Industrial Production and Capacity Utilization
• Chart 3: Industrial Production of Selected Industries
• Table 1: Industrial Production: Market and Industry Groups (percent change)
• Table 2: Industrial Production: Special Aggregates and Selected Detail (percent change)
• Table 3: Motor Vehicle Assemblies
• Table 4: Industrial Production Indexes: Market and Industry Group Summary
• Table 5: Industrial Production Indexes: Special Aggregates
• Table 6: Diffusion Indexes of Industrial Production
• Table 7: Capacity Utilization: Manufacturing, Mining, and Utilities
• Table 8: Industrial Capacity: Manufacturing, Mining, and Utilities (percent change)
• Table 9: Industrial Production: Gross Value of Products and Nonindustrial Supplies
• Table 10: Gross-Value-Weighted Industrial Production: Stage-of-Process Groups
• Table 11: Historical Statistics for IP, Capacity, and Utilization: Total Industry
• Table 12: Historical Statistics for IP, Capacity, and Utilization: Manufacturing
• Table 13: Historical Statistics for IP, Capacity, and Utilization: Total Industry excluding Selected High-Technology Industries
• Table 14: Historical Statistics for IP, Capacity, and Utilization: Manufacturing excluding Selected High-Technology Industries
• Table 15: Industrial Production: Reliability Estimates

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