Industrial Production Down 0.1% in July

Washington, DC, August 15, 2025-Industrial production (IP) edged down 0.1% in July, according to the Federal Reserve. 

Manufacturing output was unchanged after increasing 0.3% in June. In July, the index for mining declined 0.4%, and the index for utilities decreased 0.2%. 

At 104.0% of its 2017 average, total IP in July was 1.4% above its year-earlier level. Capacity utilization moved down to 77.5% in July, a rate that is 2.1 percentage points below its long-run (1972–2024) average.