• The Industrial Production Index (IPI) measures the levels of production and capacity in the manufacturing, mining, electricity and gas sectors relative to the base year.

  • The Federal Reserve Board (FRB) publishes the IPI in the middle of each month, and revised versions of previous estimates at the end of each March.
  • Composite index is an important macroeconomic indicator for economists and investors.
  • At the same time, data at the industry level is useful for managers and investors in specific business areas.