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.