Industrial production in the United States rose 0.7% month-over-month in January 2026, the most since February and more than market expectations of a 0.4% gain. Manufacturing output advanced 0.6%, also the most since February and above forecasts of 0.4%, with widespread gains across industry groups. Mining output decreased 0.2%, following a 0.9% decrease in December, while the output for utilities increased 2.1%. Capacity utilization rose to 76.2%, a rate that is 3.2 percentage points below its long-run (1972–2025) average.