The trend over time.
The latest available read: Manufacturing Output YoY is at 1.13% as of September 2026. Source: FRED · IPMANSICS. CSV and PNG downloads cover the selected date range.
What Manufacturing Output YoY measures.
The year-over-year percentage change in manufacturing output from the Federal Reserve's industrial production data.
It isolates factory production from mining and utilities. Sustained negative readings usually coincide with a goods-sector slowdown, though services can keep the overall economy growing.
Why it matters.
Manufacturing strength signals whether companies are confident enough to invest and hire, which directly affects job creation and wage growth. When factories weaken, recession risks rise and companies typically freeze hiring and capital spending.
Where it fits.
Manufacturing Output YoY is covered on the Growth page.