EconomyTop News

United States Industrial Production MoM

Industrial production in the United States went down 0.1 percent from a month earlier in December of 2021, after an upwardly revised 0.7 percent increase in November and compared to market expectations of a 0.3 percent increase. Losses of 0.3 percent for manufacturing and 1.5 percent for utilities were mostly offset by a gain of 2.0 percent for mining. source: Federal Reserve

Industrial Production Mom in the United States averaged 0.27 percent from 1919 until 2021, reaching an all time high of 16.60 percent in May of 1933 and a record low of -13.60 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 January of 2022.

Industrial Production Mom in the United States is expected to be 0.30 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 MoM is projected to trend around 1.20 percent in 2023 and 0.20 percent in 2024, according to our econometric models.

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.