US manufacturing production m/m, July 2026

Key drivers

• Recent manufacturing NAICS momentum slowed to 0.0 percent in June after 0.1 percent in May and 0.7 percent in April.
• Second-quarter manufacturing NAICS growth was positive but front-loaded, with no clear June carry-through.
• Durable manufacturing slipped in June while nondurable manufacturing rose, suggesting offsetting components rather than a broad surge.
• Manufacturing capacity utilization remained below its long-run average, limiting inflationary production pressure but leaving room for modest output gains.

Resolution

source

ALFRED/FRED IPMAN first-vintage CSV for Federal Reserve G.17 Industrial Production and Capacity Utilization

expected

August 18, 2026

rule

Resolve under the ledger sourceBinding to the first-print ALFRED/FRED vintage of IPMAN for the Federal Reserve G.17 Manufacturing (NAICS) industrial production index released on August 18, 2026. Because the ledger binds sourceSeriesId IPMAN, an index level, while targetUnit is percent_growth, compute the July 2026 month-over-month percent growth from the first-vintage IPMAN index level relative to the June 2026 level when needed; use the first official/ALFRED vintage and ignore later revisions. The Federal Reserve Table 1 one-decimal Manufacturing (NAICS) monthly percent change is the same G.17 variant used for public display context.

Data point

fed.g17.manufacturing_production_mom.2026_07.first_print