Industrial Production YoY stands at 1.08% as of July 2026, down from 1.92% a year earlier. The reading sits in the 35th percentile of its history back to 1920.
| Latest (July 2026) | 1.08% |
| One year ago | 1.92% |
| 10-year range | -17.32% – 16.55% |
| All-time range | -33.66% (1946) – 62.04% (1933) |
| Change over 12 months | −0.8 pts — bottomed at 0.58% in 2026 |
| Percentile vs. full history | 35th |
| History | 1920–2026 (1279 observations) |
Output of factories, mines and utilities, year over year. One of the four monthly indicators the NBER weighs when dating recessions. Mild swings are noise, since utilities output moves with the weather; sustained year-over-year contraction alongside weak survey readings marks a genuine industrial downturn.
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<a href="https://www.tacticalassetallocation.com/charts/industrial-production/">Industrial Production YoY — Cambria Chart Lab</a>
Data: download CSV (source: Federal Reserve Board, via FRED).