Updated: 18-Sep-26 09:38 ET
| August Industrial Production |
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| Updated: 18-Sep-26 09:38 ET |
Highlights
- Industrial production was unchanged month-over-month in August (Briefing.com consensus: 0.3%) following an unrevised 0.2% increase in July.
- The capacity utilization rate was 76.3% (Briefing.com consensus: 76.4%) and unchanged from July.
- Total industrial production was up 1.4% year-over-year. The capacity utilization rate was 3.1 percentage points below its long-run average.
Key Factors
- Manufacturing output declined 0.3% in August after increasing 0.2% in July. Production of durable goods fell 0.5%, while production of nondurable goods was unchanged. Manufacturing capacity utilization dropped to 75.7% from 76.0% in July.
- Mining output rose 0.1% month-over-month following a 0.1% increase in July. Mining capacity utilization edged up to 86.3% from 86.2%.
- Utilities output surged 1.8% month-over-month after increasing 0.5% in July. Utilities capacity utilization increased to 71.3% from 70.2% in July.
Big Picture
- The key takeaway from the report is that the softness stemmed from a decline in manufacturing output, yet that downturn could have been a simple case of attrition following increases in manufacturing output for seven consecutive months.
| Category | AUG | JUL | JUN | MAY | APR |
| Industrial Production | |||||
| Total Index | 0.0% | 0.2% | 0.2% | 0.1% | 0.8% |
| Manufacturing | -0.3% | 0.2% | 0.1% | 0.1% | 0.7% |
| Utilities | 1.8% | 0.5% | 0.3% | 0.0% | 0.9% |
| Mining | 0.1% | 0.1% | 0.4% | 0.0% | 1.4% |
| Capacity Utilization | |||||
| Total Industry | 76.3% | 76.3% | 76.2% | 76.2% | 76.2% |
| Manufacturing | 75.7% | 76.0% | 76.0% | 75.9% | 75.9% |
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