US Industrial Production Unexpectedly Falls

2026-04-16 13:21 By Agna Gabriel 1 min. read

Industrial production in the United States dropped 0.5% month-over-month in March 2026, missing market expectations for a 0.1% gain and after moving up 0.7% in February.

It marks the biggest fall in industrial activity since September 2024.

Manufacturing output, which makes up about 78% of total industrial production, decreased 0.1% after an upwardly revised 0.4% increase in February and also missing forecast of a 0.1% gain.

Mining output fell 1.2% in March.

The index for utilities contracted 2.3%, with reductions in the output of both electric and natural gas utilities.

Capacity utilization receded to 75.7 percent, a rate that is 3.7 percentage points below its long-run (1972–2025) average.



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US Industrial Production Unexpectedly Falls
Industrial production in the United States dropped 0.5% month-over-month in March 2026, missing market expectations for a 0.1% gain and after moving up 0.7% in February. It marks the biggest fall in industrial activity since September 2024. Manufacturing output, which makes up about 78% of total industrial production, decreased 0.1% after an upwardly revised 0.4% increase in February and also missing forecast of a 0.1% gain. Mining output fell 1.2% in March. The index for utilities contracted 2.3%, with reductions in the output of both electric and natural gas utilities. Capacity utilization receded to 75.7 percent, a rate that is 3.7 percentage points below its long-run (1972–2025) average.
2026-04-16
US Industrial Output Rises More than Expected
Industrial production in the United States increased 0.2% month-over-month in February 2026, more than market expectations of 0.1% and after moving up 0.7% in January. Manufacturing output, which makes up about 78% of total industrial production, rose 0.2% after a 0.8% advance in January and also above forecast of 0.1%. Also, mining output increased 0.8%, following a 0.9% increase. On the other hand, the output of utilities fell 0.6%, reflecting no change in the index for electric utilities and a 4.7% drop in the index for natural gas utilities. Capacity utilization remained unchanged at 76.3%, a rate that is 3.1 percentage points below its long-run (1972–2025) average.
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US Industrial Output Rises More than Expected
Industrial production in the United States rose 0.7% month-over-month in January 2026, the most since February and more than market expectations of a 0.4% gain. Manufacturing output advanced 0.6%, also the most since February and above forecasts of 0.4%, with widespread gains across industry groups. Mining output decreased 0.2%, following a 0.9% decrease in December, while the output for utilities increased 2.1%. Capacity utilization rose to 76.2%, a rate that is 3.2 percentage points below its long-run (1972–2025) average.
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