The monthly measure of factory, mine and utility output.
Next release date not on file yet · Last release: Jul 1, 2026, read as cooler
The reads below are for when factory output comes in stronger than expected. Expect the opposite when factory output falls short. Cooler was the last call.
Sectors
IndustrialsUsually helpsIndustrial companies sell into exactly this activity.
Basic MaterialsUsually helpsMore building and manufacturing means more demand for raw materials.
Consumer CyclicalUsually helpsA stronger economy means more consumer spending.
EnergyUsually helpsA busier economy burns more fuel.
Financial ServicesUsually helpsBusinesses borrow more when they are growing.
UtilitiesUsually hurtsUtilities fall when a strong economy lifts rates.
Communication ServicesLittle effectLittle direct link.
Consumer DefensiveLittle effectEveryday essentials sell the same either way.
HealthcareLittle effectHealthcare does not track the business cycle.
Real EstateLittle effectMore tenants but higher rates; mixed.
TechnologyLittle effectCompany tech budgets follow growth with a delay; higher rates offset it on the day.
Where each sector’s relative strength sits this week is on the rotation board.
Industries that behave differently from their sector
SteelUsually helpsBusier factories use more steel.