Definition
A monthly Fed measure of how much US factories, mines and utilities produced.
The story
Retail sales tell you what people bought. Industrial production tells you what got made: cars, steel, chemicals, electricity. If production falls while sales hold up, companies may be selling off what's already on their shelves.
Why markets watch it
It's a direct read on the industrial side of the economy.
Connects to
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms