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OutputHigher is better
Industrial Production: Manufacturing
Federal Reserve index of real output for the U.S. manufacturing sector. A leading indicator of industrial activity and economic momentum.
Source: FRED
Latest reading
98.7+1.34 vs last year
April 202698.7
60.095.0108.0120.0
About this range
The Federal Reserve's manufacturing production index in the range of 95–108 indicates the sector is operating at or near healthy capacity. Below 95 signals industrial contraction; above 108 can indicate supply constraints and bottleneck-driven price pressure.
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