Monthly Survey of Manufacturing, November 2025

Following a 1.0% decrease in October, total manufacturing sales fell 1.2% to $70.8 billion in November, on lower sales in 15 of the 21 subsectors. The decline was driven by lower sales in the motor vehicle (-15.9%) and motor vehicle parts (-6.3%) industry groups as well as the machinery subsector (-3.2%). These declines were partially offset by a 6.8% increase in sales of petroleum and coal products. On a year-over-year basis, total sales were down 1.1% in November.

In real terms, manufacturing sales declined 2.3% in November, while the Industrial Product Price Index rose 0.9%.

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