• What it is: A monthly measure of the domestic industrial output, weighted according to each input category’s relative importance.
• Who puts it out: Federal Reserve Board (www.federalreserve.gov)
• When it’s released: 9:15 a.m. ET around the 15th of the month after the actual month.
• What it means: It’s an indication of different trends within various industries. In addition, it estimates the “capacity utilization” (the level of potential production capacity at which a business, such as a factory, is operating) within the economy, which, must be interpreted carefully because of the difficulty of estimating the maximum capacity in the first place.
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