Industrial production rose 0.7% in September, Federal Reserve reports
The Fed reported that U.S. industrial production rose 0.7% in September, up from 0.1% in August. This is the largest monthly increase since April's 0.8% rise.
- Industrial production measures the output of manufacturing, mining, and electric and gas utilities, adjusted for inflation. The index is published monthly.
- Today's reporting of September's data puts the index at 104.0% of its 2017 average, up 2.2% YoY. August was also revised to a 0.1% increase, up from the prior estimate of no change.
- Here are a few other notable data points by industry group:
- Motor vehicle and parts output fell 3.0%.
- Utilities output rose 3.5%.
- Mining production rose 0.2%.
- Manufacturing output rose 0.3%.
- There was a particularly large gain in semiconductor and related parts output, which surged 28.4% in Q3 on an annualized basis.
- Additionally, industrial production increased at an annualized rate of 2.8% in Q3. Overall industrial capacity utilization rose to 76.9% — this is 2.5 percentage points under its 1972–2025 average.
- Finally, the Fed said it plans to issue its annual revision to the industrial production and capacity utilization indexes on November 24, 2026, shifting the base year to 2022.
Sources & Further Reading
- "Industrial Production and Capacity Utilization (G.17)." Federal Reserve. October 16, 2026.
- "Industrial Production Explanatory Notes." Federal Reserve. November 24, 2025.
