Industrial Production and Capacity Utilization - G.17
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Release Date: February 18, 2026
Table 12 Historical Statistics for Industrial Production, Capacity, and Utilization: Manufacturing [1]
Seasonally adjusted
[1] The composition of manufacturing is specified in a note for the summary table.
[2] 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) [2] |
|||||||||||||||||
| 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 | -.1 | -.1 | .3 | .5 | .0 | .0 | -.8 | .3 | .0 | 3.9 | 2.5 | 2.7 | -2.2 | .8 |
| 2026 | .6 | ||||||||||||||||
| IP (2017 = 100) |
|||||||||||||||||
| 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 | 96.7 | 96.5 | 96.9 | 97.3 | 97.3 | 97.4 | 96.6 | 96.9 | 96.9 | 96.1 | 96.7 | 97.3 | 96.8 | 96.7 |
| 2026 | 97.5 | ||||||||||||||||
| Capacity (percent of 2017 output) |
|||||||||||||||||
| 2024 | 126.5 | 126.6 | 126.6 | 126.7 | 126.8 | 126.9 | 126.9 | 127.0 | 127.1 | 127.2 | 127.3 | 127.4 | 126.6 | 126.8 | 127.0 | 127.3 | 126.9 |
| 2025 | 127.5 | 127.6 | 127.7 | 127.8 | 127.9 | 128.1 | 128.2 | 128.3 | 128.4 | 128.5 | 128.7 | 128.8 | 127.6 | 127.9 | 128.3 | 128.7 | 128.1 |
| 2026 | 128.9 | ||||||||||||||||
| Utilization (percent) |
|||||||||||||||||
| 2004 | 75.2 | 75.8 | 75.8 | 76.1 | 76.6 | 76.1 | 76.8 | 77.1 | 77.1 | 77.8 | 77.7 | 78.2 | 75.6 | 76.3 | 77.0 | 77.9 | 76.7 |
| 2005 | 78.6 | 79.2 | 78.7 | 78.9 | 78.9 | 78.9 | 78.5 | 78.7 | 77.7 | 78.6 | 79.2 | 79.1 | 78.8 | 78.9 | 78.3 | 79.0 | 78.8 |
| 2006 | 79.6 | 79.2 | 79.1 | 79.2 | 78.9 | 78.9 | 78.5 | 79.0 | 78.9 | 78.3 | 78.3 | 79.2 | 79.3 | 79.0 | 78.8 | 78.6 | 78.9 |
| 2007 | 78.8 | 78.8 | 79.3 | 79.6 | 79.4 | 79.5 | 79.3 | 78.9 | 79.0 | 78.7 | 79.0 | 79.0 | 79.0 | 79.5 | 79.0 | 78.9 | 79.1 |
| 2008 | 78.8 | 78.2 | 77.8 | 77.1 | 76.6 | 76.1 | 75.4 | 74.5 | 72.0 | 71.6 | 69.9 | 67.7 | 78.2 | 76.6 | 74.0 | 69.7 | 74.6 |
| 2009 | 65.6 | 65.6 | 64.5 | 64.1 | 63.5 | 63.4 | 64.5 | 65.3 | 66.1 | 66.3 | 67.1 | 67.1 | 65.2 | 63.7 | 65.3 | 66.8 | 65.3 |
| 2010 | 67.9 | 68.0 | 69.0 | 69.6 | 70.6 | 70.7 | 71.2 | 71.4 | 71.5 | 71.7 | 71.9 | 72.3 | 68.3 | 70.3 | 71.4 | 72.0 | 70.5 |
| 2011 | 72.4 | 72.6 | 73.1 | 72.8 | 72.8 | 72.9 | 73.3 | 73.7 | 73.8 | 74.2 | 74.0 | 74.4 | 72.7 | 72.8 | 73.6 | 74.2 | 73.3 |
| 2012 | 74.9 | 75.2 | 74.7 | 74.9 | 74.6 | 74.8 | 74.5 | 74.3 | 74.1 | 73.9 | 74.3 | 74.8 | 74.9 | 74.8 | 74.3 | 74.3 | 74.6 |
| 2013 | 74.6 | 74.9 | 74.8 | 74.5 | 74.8 | 75.0 | 74.4 | 75.1 | 75.1 | 75.3 | 75.3 | 75.2 | 74.7 | 74.8 | 74.9 | 75.3 | 74.9 |
| 2014 | 74.5 | 75.2 | 75.9 | 76.0 | 76.2 | 76.6 | 77.0 | 76.6 | 76.7 | 76.7 | 77.3 | 77.2 | 75.2 | 76.3 | 76.7 | 77.0 | 76.3 |
| 2015 | 76.8 | 76.4 | 76.7 | 76.8 | 76.9 | 76.7 | 77.3 | 77.1 | 76.9 | 76.8 | 76.6 | 76.4 | 76.7 | 76.8 | 77.1 | 76.6 | 76.8 |
| 2016 | 76.7 | 76.4 | 76.3 | 76.2 | 76.1 | 76.2 | 76.3 | 75.9 | 76.0 | 76.1 | 76.0 | 76.1 | 76.5 | 76.2 | 76.1 | 76.1 | 76.2 |
| 2017 | 76.2 | 76.2 | 76.0 | 77.0 | 77.0 | 77.1 | 76.9 | 76.9 | 77.0 | 77.9 | 78.0 | 77.9 | 76.1 | 77.0 | 76.9 | 78.0 | 77.0 |
| 2018 | 77.8 | 78.5 | 78.5 | 79.0 | 78.4 | 78.9 | 79.0 | 79.2 | 79.3 | 78.9 | 78.7 | 79.0 | 78.2 | 78.8 | 79.2 | 78.9 | 78.8 |
| 2019 | 78.3 | 77.9 | 77.7 | 77.2 | 77.3 | 77.6 | 77.1 | 77.6 | 77.0 | 76.4 | 77.1 | 77.2 | 78.0 | 77.4 | 77.2 | 76.9 | 77.4 |
| 2020 | 77.0 | 77.2 | 73.7 | 62.6 | 65.3 | 70.4 | 73.1 | 74.3 | 74.4 | 75.3 | 75.8 | 76.4 | 76.0 | 66.1 | 73.9 | 75.8 | 73.0 |
| 2021 | 77.2 | 74.1 | 76.5 | 76.7 | 77.5 | 77.6 | 78.3 | 77.9 | 77.0 | 78.1 | 78.6 | 78.4 | 75.9 | 77.3 | 77.7 | 78.4 | 77.3 |
| 2022 | 77.7 | 78.2 | 78.6 | 78.5 | 78.1 | 77.7 | 77.7 | 77.7 | 77.7 | 77.9 | 77.2 | 75.9 | 78.2 | 78.1 | 77.7 | 77.0 | 77.7 |
| 2023 | 77.2 | 77.1 | 76.6 | 77.2 | 77.1 | 76.5 | 76.7 | 76.7 | 76.7 | 76.3 | 76.5 | 76.5 | 77.0 | 76.9 | 76.7 | 76.4 | 76.8 |
| 2024 | 75.3 | 76.2 | 76.3 | 75.8 | 76.2 | 76.0 | 75.3 | 75.6 | 75.2 | 74.6 | 74.7 | 75.0 | 75.9 | 76.0 | 75.4 | 74.8 | 75.5 |
| 2025 | 74.6 | 75.5 | 75.8 | 75.6 | 75.5 | 75.6 | 75.9 | 75.9 | 75.8 | 75.2 | 75.3 | 75.2 | 75.3 | 75.6 | 75.9 | 75.2 | 75.5 |
| 2026 | 75.6 | ||||||||||||||||
[2] Quarterly percentage changes are at annual rates. Annual percentage changes are calculated from annual averages.
Last Update: February 18, 2026