Economy February 18, 2026

U.S. Factory Output Posts Largest Monthly Gain in 11 Months as Production Broadly Rises

Manufacturing and overall industrial output climb in January amid mixed sector performance and lingering policy headwinds

By Priya Menon
U.S. Factory Output Posts Largest Monthly Gain in 11 Months as Production Broadly Rises

U.S. factory production rebounded in January, rising 0.6% — the largest monthly gain since February 2025 — with gains recorded across durable and nondurable goods. Overall industrial output increased 0.7% as utilities and manufacturing led the advance, while mining declined. Capacity utilization and the manufacturing operating rate both inched higher but remain below long-run averages.

Key Points

  • Manufacturing output rose 0.6% in January, the biggest monthly gain since February 2025, after being unchanged in December.
  • Overall industrial production increased 0.7% in January and was up 2.3% year-over-year; utilities and manufacturing led gains while mining fell.
  • Capacity utilization for the industrial sector climbed to 76.2% and the manufacturing operating rate rose to 75.6%, though both remain below long-run averages.

U.S. factory production registered its biggest monthly increase in 11 months in January, providing a lift to a manufacturing sector that has faced pressure from higher import duties and elevated interest rates. The Federal Reserve said on Wednesday that manufacturing output rose 0.6% in January, the strongest monthly rise since February 2025, following a flat reading in December.

Economists surveyed by Reuters had expected a 0.4% gain for the sector, which represents 10.1% of the U.S. economy. The Fed also noted a revision to the prior month: production in December was previously reported as up 0.2% before the latest data adjustment. On a year-over-year basis, factory output was up 2.4% in January.


Policy and labor context

Manufacturing has been constrained by sweeping tariffs imposed by President Donald Trump, which industry leaders say have increased costs for both factories and consumers. The president has defended the duties as necessary to rebuild a domestic industrial base he views as having declined over decades. The sector experienced significant job losses in 2025, shedding more than 80,000 positions over the year.

At the same time, some segments within the industrial complex, notably technology-related areas, have benefited from a concentrated spending surge. Economists cited in the data release signaled optimism that gains driven by artificial intelligence could widen to additional parts of manufacturing, and that tax cuts may also provide further support.


Breadth of the January increase

The January output gain was broad-based. Durable goods manufacturing climbed 0.8%, buoyed by notable increases in nonmetallic mineral products, machinery, computer and electronic products, miscellaneous durable goods, and motor vehicles and parts. The latter category marked its first monthly rise since last August.

Nondurable goods manufacturing climbed 0.4%, led by higher production of paper, printing and support activities, as well as chemicals, plastics and rubber products.


Other industry components

Outside manufacturing, mining output slipped 0.2% in January after a 0.9% decline the month prior. Utilities production rose 2.1% as freezing weather continued to provide a temporary demand boost; utilities had surged 3.0% in December.

Overall industrial production increased 0.7% in January, following a 0.2% rise in December, and was up 2.3% from the same month a year earlier.

A key utilization metric moved higher: capacity utilization for the industrial sector rose to 76.2% from 75.7% in December. That level remains 3.2 percentage points below the 1972-2025 average. The operating rate for the manufacturing sector climbed 0.4 percentage point to 75.6%, leaving it 2.6 percentage points under its long-run average.


What the data show

The January prints indicate a sector-wide uptick in production with uneven performance across supporting industries. While utilities provided a weather-related boost and mining continued to soften, both durable and nondurable goods manufacturers contributed to the months leading increase in factory output.

These figures arrive amid competing influences on manufacturing: tariff-driven cost pressures, recent job losses, pockets of strong technology spending, and the prospect of policy-driven supports such as tax reductions that economists expect could help broaden growth within the sector.

Risks

  • Tariff-related cost pressures continue to weigh on factories and consumers, potentially limiting sustained manufacturing momentum - impacts sectors such as machinery, motor vehicles and consumer goods.
  • Labor-market weakness in manufacturing, illustrated by more than 80,000 jobs lost in 2025, could constrain production capacity and recovery in labor-intensive segments.
  • Mining output decline and reliance on weather-driven boosts to utilities suggest parts of industrial activity remain uneven and vulnerable to short-term fluctuations.

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