01 · Master Timeline
Seventy-five years of signal,
in one line.
US industrial production grows in expansions and falls in recessions. The line below tracks year-over-year change in output every month from 1949 to today — paired with the policy decisions that bent its trajectory. Click any event for three economists’ readings.
- Series
- INDPRO (Y/Y %)
- Frequency
- Monthly
- Source
- FRED
- Coverage
- 1949 → 2026
- Verified
- 2026-10-10
INDPRO Y/Y · Aug 2026
+1.4%expansion
▲ 0.29 pp vs prior month
Best Y/Y
+27.8%Oct 1950
Worst Y/Y
-17.3%Apr 2020
NBER recessions in coverage
12Last: Feb 2020 → Apr 2020
INDPRO · FRED (Federal Reserve Bank of St. Louis) · last verified 2026-10-10How accurate is this?
Two institutions, one timeline
Figure 2 · Services PMI
ISM Services PMI, 1997 to present
- Services PMI
- NBER recession
- 50 · expansion / contraction