Economic Impact Group, LLC Economic Data Brief
 
Manufacturing

Industrial Production and Capacity Utilization — August 2026

Released September 18, 2026 · Federal Reserve · full release · charts & history on EconomicsGuru
Industrial production, total index was essentially flat in August 2026 at 103.1, +1.4% from a year ago. Prior month: 103.0. Prior periods were revised in 42 series — figures below reflect that.
Total IP
103.1
▲ 0.0% m/m
· +1.4% y/y
Manufacturing
99.1
▼ −0.3% m/m
· +1.0% y/y
Cap. utilization
76.3%
▼ −0.1 pp m/m
· +0.2 pp y/y
Cap. util, mfg
75.7%
▼ −0.3 pp m/m
· −0.1 pp y/y

Revision check

REVISIONS DETECTED (42) — since last report. Every change below is calculated on the revised figures.
Business equipment · July 2026100.4→101.0▲ +0.6
Business equipment · May 202699.2→99.7▲ +0.5
Business equipment · June 202699.6→100.0▲ +0.4
Utilities · July 2026110.7→111.1▲ +0.4
Mining · March 2026120.5→120.2▼ −0.4
Business equipment · April 202698.2→98.5▲ +0.3
Utilities · June 2026110.2→110.5▲ +0.3
Durable manufacturing · May 2026102.2→102.4▲ +0.2
Mining · June 2026122.2→122.4▲ +0.2
Manufacturing · May 202698.8→99.0▲ +0.2
Capacity utilization, manufacturing · May 202675.8%→75.9%▲ +0.1 pp
Consumer goods · June 202697.6→97.5▼ −0.1
Durable manufacturing · June 2026102.5→102.6▲ +0.1
Capacity utilization, total · May 202676.1%→76.2%▲ +0.1 pp
and 28 more smaller revisions (all of them are applied to the figures below).

Key figures

Headline →August 2026July 2026M/M chgM/M %Y/Y chgY/Y %12-period trend
Industrial production, total indexREVISED
2017=100, SA
103.1103.0▲ 0.0▲ 0.0%▲ +1.4▲ +1.4%
 
 
 
 
 
 
 
 
 
 
 
 
 
ManufacturingREVISED99.199.4▼ −0.3▼ −0.3%▲ +1.0▲ +1.0%
 
 
 
 
 
 
 
 
 
 
 
 
 
MiningREVISED122.7122.5▲ +0.2▲ +0.1%▲ +0.3▲ +0.3%
 
 
 
 
 
 
 
 
 
 
 
 
 
UtilitiesREVISED113.0111.1▲ +2.0▲ +1.8%▲ +6.6▲ +6.2%
 
 
 
 
 
 
 
 
 
 
 
 
 
Capacity utilization, totalREVISED
long-run 1972-2025 average 79.4%
76.3%76.3%▼ −0.1 pp—▲ +0.2 pp—
 
 
 
 
 
 
 
 
 
 
 
 
 
Capacity utilization, manufacturingREVISED
long-run average 78.2%
75.7%76.0%▼ −0.3 pp—▼ −0.1 pp—
 
 
 
 
 
 
 
 
 
 
 
 
 
Trend bars show the level over the last 13 periods; the latest period is highlighted.

What stood out

  • Industrial production, total index: highest since January 2019 (91 months).
  • Utilities: up 6.2% from a year ago — the fastest pace since February 2025.
  • Mining: 5 straight months of increase.

Full detail

Show every category and subcategory
Full detail — market groups →August 2026July 2026M/M chgM/M %Y/Y chgY/Y %
Durable manufacturingREVISED102.7103.2▼ −0.5▼ −0.5%▲ +3.3▲ +3.3%
Nondurable manufacturingREVISED95.395.3▼ 0.0▼ 0.0%▼ −1.5▼ −1.5%
Business equipmentREVISED100.5101.0▼ −0.5▼ −0.5%▲ +6.7▲ +7.1%
Consumer goodsREVISED97.397.1▲ +0.1▲ +0.1%▼ −1.1▼ −1.1%
MaterialsREVISED108.1107.9▲ +0.2▲ +0.2%▲ +1.6▲ +1.5%

Sources

Economic Impact Group, LLC
Economic research for developing communities
Prepared 2026-09-18 13:21 UTC. Green marks an increase, red a decrease — direction only, not good or bad.