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The Factory Pulse: Industrial Production

Only ~15% of GDP but it turns negative in every recession - a core NBER dating input.

The Factory Pulse: Industrial Production
Source: Federal Reserve (FRED) · INDPROData through May 2026 · Updated Jul 14, 2026

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Chixan (2026). The Factory Pulse: Industrial Production. Federal Reserve (FRED). https://chixan.com/charts/gdp/us_industrial_production/

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