U.S. monthly Industrial Production Index 2019-2024
In May 2024, the Industrial Production Index (IPI) came to a value of 103.3 in the United States. This is a slight increase from the previous month when the index stood at 102.5. The IPI was created by the Federal Reserve to measure the performance of industrial production - manufacturing, mining, electric and gas industries - in the United States relative to a base year. A value of over 100 shows positive production performance, while a value below 100 indicates an industrial production performance below the standards of the base year.