US manufacturing output tracker
The Federal Reserve's index of US manufacturing output stood at 99.4 in September 2026 (2017 = 100), +0.3% from August 2026 and +1.4% from a year earlier.
Last updated 27 October 2026. Source: Federal Reserve Board, G.17 Industrial Production: Manufacturing (NAICS).
Manufacturing output index, last 24 months
| Month | Index (2017=100) | Monthly change | Annual change |
|---|---|---|---|
| September 2026 | 99.4 | +0.3% | +1.4% |
| August 2026 | 99.2 | −0.3% | +1.1% |
| July 2026 | 99.4 | +0.2% | +1.4% |
| June 2026 | 99.3 | +0.3% | +1.7% |
| May 2026 | 99.0 | +0.1% | +1.8% |
| April 2026 | 98.8 | +0.8% | +1.5% |
| March 2026 | 98.1 | +0.4% | +0.7% |
| February 2026 | 97.7 | +0.7% | +0.8% |
| January 2026 | 97.1 | +0.1% | +1.4% |
| December 2025 | 97.0 | −0.1% | +0.9% |
| November 2025 | 97.1 | −0.1% | +1.5% |
| October 2025 | 97.2 | −0.9% | +1.9% |
| September 2025 | 98.0 | −0.0% | +2.0% |
| August 2025 | 98.1 | +0.0% | +1.5% |
| July 2025 | 98.1 | +0.5% | +2.0% |
| June 2025 | 97.6 | +0.3% | +0.7% |
| May 2025 | 97.2 | −0.1% | +0.1% |
| April 2025 | 97.3 | −0.1% | +0.8% |
| March 2025 | 97.4 | +0.4% | +0.3% |
| February 2025 | 97.0 | +1.2% | +0.0% |
| January 2025 | 95.8 | −0.4% | +0.0% |
| December 2024 | 96.2 | +0.4% | −1.1% |
| November 2024 | 95.7 | +0.3% | −1.6% |
| October 2024 | 95.4 | −0.7% | −1.4% |
What the index measures
The index measures the real output of US factories, from food processing and chemicals to vehicles and machinery. It is part of the Federal Reserve Board’s monthly G.17 release on industrial production and capacity utilization, and is defined on the North American Industry Classification System (NAICS) basis, with 2017 set to 100.
The series is seasonally adjusted. Since 2000 its highest reading was 106.6 in December 2007; during the 2020 pandemic shock it fell to 79.9 in April 2020.
The Federal Reserve revises recent months as more complete source data arrive, and periodically revises the whole history, so recent values on this page can change. The page is checked against the latest published figures every day; monthly changes are calculated by BureauLine from the official index.
Suggested source citation: Board of Governors of the Federal Reserve System, Industrial Production: Manufacturing (NAICS) [IPMAN], retrieved from FRED, Federal Reserve Bank of St. Louis.
Download the data
The full series is free to download as CSV. The underlying index is published by the Federal Reserve Board. You may reuse this compilation and chart with credit to BureauLine and the Federal Reserve, linking to this page, under CC BY 4.0.
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