Industrial Production
Industrial Production: Total Index
The number, plainly.
An index of the physical output of U.S. factories, mines and utilities.
Higher, lower, and what each means.
Rising means the goods side of the economy is expanding; falling means orders are thinning before it shows up in GDP.
A reading is not a verdict. The Scan phase of Woodring’s Loop collects the signal; the Story phase asks what futures it is consistent with, and only the Stake phase turns that into a decision. This page does the first part.
The line in your 2027 plan.
Tests: the volume assumption for anyone who makes, moves or supplies physical goods.
Write the assumption down, name the reading that would break it, and put a date on when it has to be argued again. That is the 18-Month Sunset applied to one line of a budget. The Last Annual Planshows what this season’s moves have already done to the common ones.
The last 36 readings.
Most recent first. Every value is as published by FRED at the time of the last refresh; FRED revises some series after the fact.
| Date | Value | Change |
|---|---|---|
| Sep 1, 2026 | 103.95 | +0.7% |
| Aug 1, 2026 | 103.27 | +0.1% |
| Jul 1, 2026 | 103.20 | +0.2% |
| Jun 1, 2026 | 102.96 | +0.2% |
| May 1, 2026 | 102.72 | +0.1% |
| Apr 1, 2026 | 102.58 | +0.8% |
| Mar 1, 2026 | 101.73 | −0.2% |
| Feb 1, 2026 | 101.91 | +0.9% |
| Jan 1, 2026 | 101.04 | −0.4% |
| Dec 1, 2025 | 101.49 | +0.5% |
| Nov 1, 2025 | 101.03 | −0.2% |
| Oct 1, 2025 | 101.22 | −0.4% |
| Sep 1, 2025 | 101.67 | Unchanged |
| Aug 1, 2025 | 101.62 | −0.3% |
| Jul 1, 2025 | 101.89 | +0.4% |
| Jun 1, 2025 | 101.48 | +0.5% |
| May 1, 2025 | 100.97 | −0.2% |
| Apr 1, 2025 | 101.13 | +0.1% |
| Mar 1, 2025 | 101.04 | −0.1% |
| Feb 1, 2025 | 101.10 | +1.0% |
| Jan 1, 2025 | 100.06 | −0.3% |
| Dec 1, 2024 | 100.33 | +1.0% |
| Nov 1, 2024 | 99.29 | −0.2% |
| Oct 1, 2024 | 99.47 | −0.3% |
| Sep 1, 2024 | 99.81 | −0.6% |
| Aug 1, 2024 | 100.43 | +0.5% |
| Jul 1, 2024 | 99.98 | −0.9% |
| Jun 1, 2024 | 100.89 | Unchanged |
| May 1, 2024 | 100.86 | +0.6% |
| Apr 1, 2024 | 100.24 | −0.2% |
| Mar 1, 2024 | 100.46 | +0.2% |
| Feb 1, 2024 | 100.29 | +1.1% |
| Jan 1, 2024 | 99.22 | −1.4% |
| Dec 1, 2023 | 100.60 | −0.3% |
| Nov 1, 2023 | 100.86 | +0.4% |
| Oct 1, 2023 | 100.47 | — |
When Industrial Production moves, know what it tests.
The monthly Signal Layer covers every series in the library: what moved, which planning assumptions it tests, and what a continuous-planning team does about it. One email a month. Unsubscribe in one click.
Where the number comes from.
Industrial Production: Total Index (INDPRO), retrieved from FRED, Federal Reserve Bank of St. Louis: fred.stlouisfed.org/series/INDPRO. Refreshed daily; 120 readings on file from Oct 1, 2016 to Sep 1, 2026.
Predictive Planning Institute, Signal Library: Industrial Production (INDPRO). predictiveplanning.com/signals/INDPRO. Data via FRED, Federal Reserve Bank of St. Louis. Value 103.95 as of Sep 1, 2026.