The reading has fallen in each of the last 4 releases.
Industrial Production Year-over-Year (YoY) measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities compared to the same month in the previous year. It is a key indicator of economic strength, as the industrial sector accounts for a significant portion of GDP and is highly sensitive to interest rates and consumer demand. Consistent growth in industrial production often precedes broader economic expansion.
The index is compiled using physical output data from various industries, weighted by their contribution to the total economy. The YoY figure compares the current month's index level to the level from 12 months prior.
| Date | Actual | Forecast | Surprise |
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The latest reading is within its usual range, less than one standard deviation from the mean.
