FRED INDPRO — Daily CSV Download (US Industrial Production Index)
The Federal Reserve’s Industrial Production Index measures real output from manufacturing, mining, and utilities — the physical economy. With 100+ years of monthly data, it provides the longest continuous measure of US economic activity. Industrial production peaks and troughs have aligned closely with NBER recession dating throughout the post-war era.
Dataset: US Industrial Production Index (1919–2026) · Updated —
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Source: FRED series INDPRO · Federal Reserve — Industrial Production and Capacity Utilization (FRED: INDPRO)
Macro Takeaway
This indicator is a key component of the macro-financial monitoring framework. Its current level relative to its historical distribution — captured in the percentile and z-score above — provides immediate context for whether conditions are historically normal, stretched, or compressed.
Cross-referencing with the ISM Manufacturing PMI and the GDP growth helps situate this indicator within the broader macro regime.
Dataset Overview
| Indicator | US Industrial Production Index (1919–2026) |
|---|---|
| Geography | United States |
| Frequency | Monthly |
| Period | 1919–2026 |
| Variables | date, indpro_index, indpro_yoy |
| Format | CSV, Excel (XLSX) |
| Sources | Federal Reserve — Industrial Production and Capacity Utilization (FRED: INDPRO) |
| Last updated | — |
Dataset Variables
The CSV and Excel files contain the following columns.
| Column | Type | Description |
|---|---|---|
date | Date (YYYY-MM-DD) | Observation date |
indpro_index | Float | Industrial Production Index level (2017=100) |
indpro_yoy | Float | Year-over-year change (%) |
Column names match the CSV headers exactly.
Download the Complete Dataset
The full dataset is available in CSV and Excel formats.
FRED Direct CSV Access
The underlying data is available from FRED under series code INDPRO:
https://fred.stlouisfed.org/graph/fredgraph.csv?id=INDPRO
Direct CSV Access — Eco3min Structured Dataset
https://eco3min.fr/dataset/us-industrial-production.csv
This URL returns the complete dataset in CSV format. It can be used directly in pandas, R, curl, or any data tool.
Using the Dataset in Python
import pandas as pd url = "https://eco3min.fr/dataset/us-industrial-production.csv" df = pd.read_csv(url, parse_dates=["date"]) print(df.head()) print(df["indpro_index"].describe())
Using the Dataset in R
library(readr) url <- "https://eco3min.fr/dataset/us-industrial-production.csv" df <- read_csv(url) head(df) summary(df$indpro_index)
Both examples load the dataset directly from the URL — no download or API key required.
Methodology
FRED series INDPRO. The index covers manufacturing (73% weight), mining (16%), and electric/gas utilities (11%). Seasonally adjusted, base 2017=100.
This dataset is updated monthly (~15 days after reference month) via automated pull from the FRED API.
Historical Regimes
Historical regime analysis for this dataset will be added in a future update. The key stats block above provides immediate context for the current reading relative to the full historical distribution.
Related Macroeconomic Datasets
Industrial production is a coincident indicator — it moves in real time with the business cycle. Cross-referencing with leading indicators (PMI, yield curve, credit spreads) reveals whether the current IP trend is about to reverse.
- ISM Manufacturing PMI — Survey-based leading indicator for IP
- US GDP Growth Rate — GDP includes services — IP captures the goods economy
- Copper Price History — Industrial commodity that co-moves with production
- WTI Crude Oil Price — Energy input cost for industrial activity
- Nonfarm Payrolls — Employment in the sectors IP measures
Related Research
IP contractions have accompanied every recession — and many were foreshadowed by yield curve inversions. The 100+ year history provides the deepest available dataset for cycle analysis.
Macroeconomic Dataset Hub
This dataset is part of the Eco3min macro-financial data repository.
Explore the Eco3min Dataset Hub
Sources
- Federal Reserve — Industrial Production and Capacity Utilization (FRED: INDPRO)