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Home > Sources > Board of Governors of the Federal Reserve System (US) > G.17 Industrial Production and Capacity Utilization > Industrial Production Index (INDPRO)

Industrial Production Index (INDPRO)

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Type: Line | Bar Size: Medium | Large | X-Large
Range: 1yr 5yrs 10yrs Max Log Scale: Left
Units:  Levels | Chg. | Chg. from Yr. Ago | % Chg. | % Chg. from Yr. Ago | Comp. Annual Rate of Chg. | Cont. Comp. Rate of Chg. | Cont. Comp. Annual Rate of Chg.
Notes: Growth Rate Calculations | US recession dates
  Real-Time Period
Title Start     End     

Industrial Production Index 1927-01-26 Current

Board of Governors of the Federal Reserve System (US) 1927-01-26 Current

G.17 Industrial Production and Capacity Utilization 1927-01-26 Current

Index 1923-1925=100 1927-01-26 1943-09-21
Index 1935-1939=100 1943-09-22 1953-11-30
Index 1947-1949=100 1953-12-01 1960-01-14
Index 1957=100 1960-01-15 1963-11-14
Index 1957-1959=100 1963-11-15 1971-08-15
Index 1967=100 1971-08-16 1985-07-17
Index 1977=100 1985-07-18 1990-04-16
Index 1987=100 1990-04-17 1997-01-26
Index 1992=100 1997-01-27 2002-12-04
Index 1997=100 2002-12-05 2005-11-06
Index 2002=100 2005-11-07 2010-06-24
Index 2007=100 2010-06-25 2015-07-20
Index 2012=100 2015-07-21 Current

Monthly 1927-01-26 Current
Seasonal Adjustment    

Seasonally Adjusted 1927-01-26 Current

The Industrial Production Index (INDPRO) is an economic indicator that measures real output for all facilities located in the United States manufacturing, mining, and electric, and gas utilities (excluding those in U.S. territories).(1)
Since 1997, the Industrial Production Index has been determined from 312 individual series based on the 2007 North American Industrial Classification System (NAICS) codes. These individual series are classified in two ways (1) market groups and (2) industry groups. (1) The Board of Governors defines markets groups as products (aggregates of final products) and materials (inputs used in the manufacture of products). Consumer goods and business equipment can be examples of market groups. “Industry groups are defined as three digit NAICS industries and aggregates of these industries such as durable and nondurable manufacturing, mining, and utilities.”(1)(2)
The index is compiled on a monthly basis to bring attention to short- term changes in industrial production,. It measures movements in production output and highlights structural developments in the economy. (1) Growth in the production index from month to month is an indicator of growth in the industry.
For more information regarding the Industrial Production and Capacity Utilization index, see the explanatory notes issued by the Board of Governors (

(1) Board of Governors of the Federal Reserve System. “Industrial Production and Capacity Utilization.” Statistical release G.17; May 2013.
(2) For recent reports on market and industry groups, please click on the following link;

2010-06-25 Current

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Production & Business Activity > Industrial Production & Capacity Utilization

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