Industrial production index under Harry S. Truman

Real output of factories, mines, and utilities — the physical, goods-producing part of the economy.

Over 1945-04-12 to 1953-01-19, measured in Index 2017=100:

Term average

14.91 Index 2017=100

At the start

15.13 Index 2017=100

At the end

19.13 Index 2017=100

Change

+3.99 Index 2017=100

Low

10.82 Index 2017=100 (1946-02-01)

High

19.2 Index 2017=100 (1953-01-01)

Coverage

100% (93 observations)

Reading this series over a presidential term

Sharper peaks and deeper troughs than GDP: manufacturing leads and lags the cycle more violently than services do. Compare by percent change. A cold winter lifts the utilities component without anything else changing.

It excludes services and construction, which are most of the economy and most of the jobs. A falling share of output in these sectors is a long-running structural shift, not a verdict on any term.

These are the observed values over the window above, and nothing more. This site does not say which direction is better, and none of this is a claim that Harry S. Truman caused the number to move.

What Industrial production index measures · Harry S. Truman: the whole record · Chart it · Compare with another president · The source at FRED