Industrial Production in the US increased 0.4 percent from a month earlier in November 2020, easing from a downwardly revised 0.9 percent growth in October and slightly beating market expectations of 0.3 percent. Still, output remained 5 percent below its pre-pandemic level. Manufacturing production advanced 0.8 percent in November, a seventh consecutive month of gains, mainly boosted by an increase of 5.3 percent for motor vehicles and parts. Meanwhile, mining production rose 2.3 percent, while utilities output declined 4.3 percent, as warmer-than-usual temperatures reduced the demand for heating. Capacity utilization for the industrial sector increased 0.3 percentage point to 73.3 percent, a rate that is 6.5 percentage points below its long-run (1972–2019) average but 9.1 percentage points above its low in April. source: Federal Reserve

Industrial Production Mom in the United States averaged 0.27 percent from 1919 until 2020, reaching an all time high of 16.60 percent in May of 1933 and a record low of -12.70 percent in April of 2020. This page provides the latest reported value for - United States Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Industrial Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Industrial Production Mom in the United States is expected to be -0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production Mom in the United States to stand at 0.20 in 12 months time. In the long-term, the United States Industrial Production MoM is projected to trend around 0.30 percent in 2021 and 0.20 percent in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
United States Industrial Production MoM

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.90 16.60 -12.70 1919 - 2020 percent Monthly
Volume, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-15 01:15 PM Aug 0.4% 3.5% 1% 1%
2020-10-16 01:15 PM Sep -0.6% 0.4% 0.5% 0.5%
2020-11-17 02:15 PM Oct 1.1% -0.4% 1% 0.8%
2020-12-15 02:15 PM Nov 0.4% 0.9% 0.3% 0.3%
2021-01-15 02:15 PM Dec 0.4% -0.6%
2021-02-17 02:15 PM Jan
2021-03-16 01:15 PM Feb
2021-04-15 01:15 PM Mar


News Stream
US Industrial Output Growth Slows in November
Industrial Production in the US increased 0.4 percent from a month earlier in November 2020, easing from a downwardly revised 0.9 percent growth in October and slightly beating market expectations of 0.3 percent. Still, output remained 5 percent below its pre-pandemic level. Manufacturing production advanced 0.8 percent in November, a seventh consecutive month of gains, mainly boosted by an increase of 5.3 percent for motor vehicles and parts. Meanwhile, mining production rose 2.3 percent, while utilities output declined 4.3 percent, as warmer-than-usual temperatures reduced the demand for heating. Capacity utilization for the industrial sector increased 0.3 percentage point to 73.3 percent, a rate that is 6.5 percentage points below its long-run (1972–2019) average but 9.1 percentage points above its low in April.
2020-12-15
US Industrial Output Grows 1.1% in October
Industrial production rose 1.1 percent from a month earlier in October 2020, rebounding from a revised 0.4 percent drop in September and slightly beating market expectations of 1.0 percent. The index has recovered much of its 16.5 percent decline from February to April, but output in October was still 5.6 percent lower than its pre-pandemic level. Manufacturing output increased 1.0 percent and the output of utilities rose 3.9 percent, while the output at mines declined 0.6 percent. Total industrial production was 5.3 percent lower in October than it was a year earlier.
2020-11-17
US Industrial Output Unexpectedly Falls
Total industrial production in the United States fell 0.6 percent in September 2020, its first decline in five months, and missing market expectations of 0.5 percent growth. With the September decline, the production remained 7.1 percent below its pre-pandemic February level. Manufacturing output decreased 0.3 percent and was 6.4 percent below February's level while the output of utilities dropped 5.6 percent, as demand for air conditioning fell by more than usual in September. Meanwhile, mining production increased by 1.7 percent.
2020-10-16
US Industrial Output Growth Below Expectations
Total industrial production in the United States rose 0.4 percent in August 2020, missing market consensus of a 1 percent growth. It was the fourth consecutive monthly increase in industrial output, although it remained 7.3 percent below its pre-pandemic February level. Manufacturing production advanced 1 percent, with the gains for most industries having gradually slowed since June. Durable manufacturing rose 0.7 percent, as a decline in the output of motor vehicles and parts was more than offset by broad-based increases for other durable goods industries. Nondurables output rose 1.2 percent, with gains of more than 3 percent for apparel and leather and for plastics and rubber products. By contrast, mining production fell 2.5 percent, as Tropical Storm Marco and Hurricane Laura caused sharp but temporary drops in oil and gas drilling and extraction. The output of utilities moved down 0.4 percent, with small decreases for both electric and gas utilities.
2020-09-15

United States Industrial Production MoM
In the United States, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 78 percent of total production. The biggest segments within Manufacturing are: Chemicals (12 percent of total production); food, drink and tobacco (11 percent); machinery (6 percent); fabricated metal products (6 percent); computer and electronic products (6 percent); and motor vehicles and parts (6 percent). Mining and quarrying account for 11 percent of production and utilities account for the remaining 11 percent.