The industrial production (IP) index measures the real output of all relevant establishments located in the United States, regardless of their ownership, but not those located in U.S. territories.
For more information, see the explanatory notes issued by the Board of Governors. For recent updates, see the announcements issued by the Board of Governors
Source Code: IP.G3254.S
Board of Governors of the Federal Reserve System (US), Industrial Production: Manufacturing: Non-Durable Goods: Pharmaceutical and Medicine (NAICS = 3254) [IPG3254S], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/IPG3254S, December 9, 2023.