Economic Impact Group, LLC Economic Data Brief
 
Manufacturing

Industrial Production and Capacity Utilization — July 2026

Released August 17, 2026 · Federal Reserve · full release · charts & history on EconomicsGuru
Industrial production, total index rose 0.2% in July 2026 to 103.0, +1.1% from a year ago. Prior month: 102.8. Prior periods were revised in 19 series — figures below reflect that.
Total IP
103.0
▲ +0.2% m/m
· +1.1% y/y
Manufacturing
99.3
▲ +0.2% m/m
· +1.3% y/y
Cap. utilization
76.3%
▲ +0.1 pp m/m
· −0.1 pp y/y
Cap. util, mfg
76.0%
▲ +0.1 pp m/m
· +0.1 pp y/y

Revision check

REVISIONS DETECTED (19) — since first published. Every change below is calculated on the revised figures.
Mining · June 2026124.2→122.2▼ −2.0
Utilities · April 2026111.8→110.0▼ −1.8
Mining · April 2026120.3→122.0▲ +1.7
Business equipment · June 202698.3→99.6▲ +1.3
Utilities · May 2026111.1→110.1▼ −1.0
Business equipment · May 202698.4→99.2▲ +0.9
Mining · May 2026122.9→121.9▼ −1.0
Durable manufacturing · June 2026101.7→102.5▲ +0.8
Business equipment · April 202697.6→98.2▲ +0.6
Consumer goods · April 202698.0→97.6▼ −0.5
Utilities · June 2026109.6→110.2▲ +0.5
Manufacturing · June 202698.7→99.2▲ +0.5
Durable manufacturing · May 2026101.8→102.2▲ +0.4
Consumer goods · June 202697.2→97.6▲ +0.4
and 5 more smaller revisions (all of them are applied to the figures below).

Key figures

Headline →July 2026June 2026M/M chgM/M %Y/Y chgY/Y %12-period trend
Industrial production, total index
2017=100, SA
103.0102.8▲ +0.2▲ +0.2%▲ +1.1▲ +1.1%
 
 
 
 
 
 
 
 
 
 
 
 
 
ManufacturingREVISED99.399.2▲ +0.2▲ +0.2%▲ +1.2▲ +1.3%
 
 
 
 
 
 
 
 
 
 
 
 
 
MiningREVISED122.4122.2▲ +0.3▲ +0.2%▲ +1.2▲ +1.0%
 
 
 
 
 
 
 
 
 
 
 
 
 
UtilitiesREVISED110.7110.2▲ +0.5▲ +0.5%▲ +0.8▲ +0.7%
 
 
 
 
 
 
 
 
 
 
 
 
 
Capacity utilization, total
long-run 1972-2025 average 79.4%
76.3%76.2%▲ +0.1 pp—▼ −0.1 pp—
 
 
 
 
 
 
 
 
 
 
 
 
 
Capacity utilization, manufacturingREVISED
long-run average 78.2%
76.0%76.0%▲ +0.1 pp—▲ +0.1 pp—
 
 
 
 
 
 
 
 
 
 
 
 
 
Trend bars show the level over the last 13 periods; the latest period is highlighted.

What stood out

  • Materials: highest level on record (data back to January 1939).
  • Industrial production, total index: highest since January 2019 (90 months).
  • Manufacturing: highest since August 2019 (83 months).
  • Durable manufacturing: highest since December 2018 (91 months).
  • Nondurable manufacturing: down 1.6% from a year ago — the steepest year-over-year decline since June 2023.
  • Consumer goods: down 1.8% from a year ago — the steepest year-over-year decline since June 2023.

Full detail

Show every category and subcategory
Full detail — market groups →July 2026June 2026M/M chgM/M %Y/Y chgY/Y %
Durable manufacturingREVISED103.1102.5▲ +0.7▲ +0.7%▲ +3.9▲ +3.9%
Nondurable manufacturingREVISED95.295.7▼ −0.4▼ −0.4%▼ −1.6▼ −1.6%
Business equipmentREVISED100.499.6▲ +0.8▲ +0.8%▲ +6.2▲ +6.6%
Consumer goodsREVISED97.297.6▼ −0.4▼ −0.4%▼ −1.7▼ −1.8%
MaterialsREVISED107.8107.5▲ +0.3▲ +0.3%▲ +1.1▲ +1.0%

Sources

Economic Impact Group, LLC
Economic research for developing communities
Prepared 2026-08-18 15:13 UTC. Green marks an increase, red a decrease — direction only, not good or bad.