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IT: Industrial Production
| Actual | Previous | Revised | |
| Month over Month | 1.5% | -1.0% | |
| Year over Year | 1.4% | -0.3% | -0.2% |
Highlights
The November 2025 industrial production figures indicate a clear strengthening of industrial activity and short-term momentum. On a month-over-month basis, the seasonally adjusted production index rose by 1.5 percent, pointing to a robust rebound in output after earlier fluctuations. This increase suggests that firms responded positively to prevailing demand conditions, improved supply chain stability, and possibly more favourable financing or energy cost environments.
Beyond the single-month movement, the three-month comparison reinforces this positive trajectory. Output in the most recent three-month period was 1.1 percent higher than in the preceding three months, indicating that the improvement is not merely temporary but part of a broader upward trend. This sustained growth signals increasing confidence within the industrial sector and greater capacity utilisation.
From a year-over-year perspective, industrial performance also strengthened. Both the calendar-adjusted and unadjusted indices rose by 1.4 percent compared with November 2024, confirming that the expansion is not driven by calendar effects but reflects genuine growth in production. In essence, the latest updates reflect an industrial sector gaining resilience and stability, with short-term acceleration aligning with steady annual growth. This pattern supports a cautiously optimistic outlook for industrial contribution to economic activity as 2025 draws to a close.
Definition
Industrial production measures the physical output of the nation's factories, mines and utilities. Construction is excluded. Approximately 4,100 companies provide data on more than 8,000 monthly flows of production.
Description
Investors want to keep their finger on the pulse of the economy because it usually dictates how various types of investments will perform. The stock market likes to see healthy economic growth because that translates to higher corporate profits. The bond market prefers more subdued growth that will not lead to inflationary pressures. By tracking economic data such as industrial production, investors will know what the economic backdrop is for these markets and their portfolios. Like the PPI and the orders data, construction is excluded from the data. This report has a big influence on market behavior. In any given month, one can see whether capital goods or consumer goods are growing more rapidly. Are manufacturers still producing construction supplies and other materials? This detailed report shows which sectors of the economy are growing and which are not.