US August Industrial Production Flat, July Unrevised from Previous Estimate

09:26 AM EDT, 09/18/2026 (MT Newswires) -- US industrial production held steady in August following an unrevised 0.2% increase in July, compared with expectations for a 0.3% gain in a survey compiled by Bloomberg. Manufacturing production declined by 0.3% while mining production increased by 0.1%. Utilities production rose by 1.8% after a 0.5% increase in July. Capacity utilization remained at 76.3% in August compared with expectations for an increase to a rate of 76.4%. The monthly industrial production report from the Federal Reserve measures production growth by manufacturers, utility producers and mining operations. The manufacturing data is broken down between products for use in the longer-term (durable) and shorter-term (non-durable), with vehicle production a key component. Also included is capacity utilization, which shows how much spare capacity producers have available. A stronger-than-expected reading on industrial production is usually bullish for the stock market but may be bearish for the manufacturing, mining or utilities sectors depending on how that portion of the data performed in each month. Overall, bonds prefer slower industrial production growth as a signal of more modest inflation but in times of tight supply, such as during the pandemic, it is possible to have both sluggish output and rising inflation.