Updated: 18-Feb-26 09:39 ET
| January Industrial Production |
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| Updated: 18-Feb-26 09:39 ET |
Highlights
- Industrial production increased 0.7% month-over-month in January (Briefing.com consensus 0.4%) after rising a revised 0.2% (from 0.4%) in December.
- The capacity utilization rate was 76.2% (Briefing.com consensus 76.5%) versus a revised 75.7% (from 76.3%) in December.
- Total industrial production increased 2.3% year-over-year while the capacity utilization rate was 3.2 percentage points below its long-run average.
Key Factors
- Manufacturing output was up 0.6% after no change in December. Motor vehicle assemblies were up 0.8% month-over-month to a seasonally adjusted annual rate of 9.82 million units. Manufacturing capacity utilization increased to 76.2% from 75.7% in December.
- Mining output was down 0.2% month-over-month after falling 0.9% in December.
- Utilities output increased 2.1% month-over-month after increasing 3.0% in December. Utilities capacity utilization rose to 72.9% from 71.6% in December.
Big Picture
- The key takeaway from the report is that industrial production growth easily exceeded estimates thanks to a healthy 0.6% increase in manufacturing output, which was the biggest since February 2025, and a secondary boost from an increase in the output of utilities.
| Category | JAN | DEC | NOV | OCT | SEP |
| Industrial Production | |||||
| Total Index | 0.7% | 0.2% | 0.1% | -0.4% | 0.1% |
| Manufacturing | 0.6% | 0.0% | 0.3% | -0.8% | 0.0% |
| Utilities | 2.1% | 3.0% | -1.6% | 2.2% | 1.2% |
| Mining | -0.2% | -0.9% | 0.9% | -0.9% | -0.8% |
| Capacity Utilization | |||||
| Total Industry | 76.2% | 75.7% | 75.6% | 75.6% | 76.1% |
| Manufacturing | 75.6% | 75.2% | 75.3% | 75.2% | 75.8% |
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