Industrial Production in the United States increased 3.70 percent in December of 2021 over the same month in the previous year. source: Federal Reserve
Industrial Production in the United States averaged 3.58 percent from 1920 until 2021, reaching an all time high of 62 percent in July of 1933 and a record low of -33.70 percent in February of 1946. This page provides the latest reported value for – United States Industrial Production – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Industrial Production – data, historical chart, forecasts and calendar of releases – was last updated on January of 2022.
Industrial Production in the United States is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Industrial Production is projected to trend around 3.20 percent in 2023, according to our econometric models.
United States Industrial Production
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.