# What the Industrial Production Index Tells Us About Growth

Page: https://stenobird.com/podcast/economic-indicators-with-fexingo-gdp-cpi-pmi-and-reading-the-macro-data-7871725/what-the-industrial-production-index-tells-us-about-growth
Text version: https://stenobird.com/podcast/economic-indicators-with-fexingo-gdp-cpi-pmi-and-reading-the-macro-data-7871725/what-the-industrial-production-index-tells-us-about-growth.md
Podcast: [Economic Indicators with Fexingo: GDP, CPI, PMI, and Reading the Macro Data](https://stenobird.com/podcast/economic-indicators-with-fexingo-gdp-cpi-pmi-and-reading-the-macro-data-7871725)
Published: 2026-07-17T05:59:14+00:00
Episode link: https://audio.fexingo.com/business/economic-indicators/episode-0119.mp3
Audio file: https://audio.fexingo.com/business/economic-indicators/episode-0119.mp3
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JSON: https://stenobird.com/v1/public/podcasts/economic-indicators-with-fexingo-gdp-cpi-pmi-and-reading-the-macro-data-7871725/episodes/what-the-industrial-production-index-tells-us-about-growth
Duration seconds: 424

## Resource

Industrial production rose to 102.6 in May, up from 102.5, and capacity utilization ticked up to 76.2%. But the headline masks a split: manufacturing output is being propped up by aerospace and defense, while consumer-driven sectors like apparel and furniture are contracting. Lucas and Luna examine why the industrial production index matters for real GDP growth, how inventory cycles amplify the signal, and what the divergence between factory output and consumer spending says about the economy in mid-2026. Fresh angles include the role of reshoring and federal investment in semiconductor plants, and a level-set on why this indicator matters for bond markets. #IndustrialProduction #CapacityUtilization #Manufacturing #GDP #EconomicGrowth #FederalReserve #InventoryCycle #Reshoring #Aerospace #Semiconductors #BondMarket #TreasuryYields #EconomicIndicator #BusinessCycle #SupplyChain #Economics #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

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