Industrial Production Index (Monthly Change) vs Producer Price Index (PPI) — Year-over-Year
Industrial Production Index (Monthly Change) is currently -0.3% (down -1.0%). Producer Price Index (PPI) — Year-over-Year is currently 2.7% (down -0.5%).
| Metric | Industrial Production Index (Monthly Change) | Producer Price Index (PPI) — Year-over-Year |
|---|---|---|
| Current value | -0.3% | 2.7% |
| Previous reading | 0.7% | 3.2% |
| Change | -1.0% | -0.5% |
| Trend | down | down |
| Frequency | Monthly | Monthly |
| Source | Federal Reserve | Bureau of Labor Statistics |
| Last updated | 2026-03-18 | 2026-03-13 |
| Category | growth | inflation |
What Industrial Production Index (Monthly Change) measures
The Industrial Production Index measures the real output of manufacturing, mining, and electric and gas utilities. It is a coincident indicator that moves with the business cycle and reflects the goods-producing sector of the economy.
Industrial production fell 0.3% in March after strong February gains. Manufacturing, which accounts for about 75% of the index, has been volatile as companies adjust inventory levels. For executives in manufacturing and industrial sectors, the mixed readings suggest uneven demand rather than a clear downturn. The services sector remains the primary driver of U.S. economic growth.
What Producer Price Index (PPI) — Year-over-Year measures
The Producer Price Index measures the average change in selling prices received by domestic producers for their output. It is a leading indicator of consumer inflation — rising producer costs eventually get passed to consumers.
PPI declining to 2.7% from 3.2% signals easing upstream cost pressures. For executives, falling producer prices suggest input cost relief is coming — raw materials, components, and wholesale goods are becoming cheaper relative to recent months. This is bullish for profit margins if selling prices remain stable.
Frequently asked
Industrial Production Index (Monthly Change) is currently -0.3%, down -1.0% from the previous reading. Source: Federal Reserve, updated monthly.
Producer Price Index (PPI) — Year-over-Year is currently 2.7%, down -0.5% from the previous reading. Source: Bureau of Labor Statistics, updated monthly.
Industrial production fell 0.3% in March after strong February gains. Manufacturing, which accounts for about 75% of the index, has been volatile as companies adjust inventory levels. For executives i PPI declining to 2.7% from 3.2% signals easing upstream cost pressures. For executives, falling producer prices suggest input cost relief is coming — raw materials, components, and wholesale goods are