Total industrial production in the US increased 1.4 percent from a month earlier in May 2020 after falling at a record 12.5 percent in April and missing market expectations of a 2.9 percent rebound. Manufacturing output rose 3.8 percent in May as many factories resumed at least partial operations following suspensions related to COVID-19. Within manufacturing, most major industries posted increases, with the largest gain registered by motor vehicles and parts. The indexes for defense and space equipment, construction supplies, and business supplies also recorded gains. Mining and utilities output declined 6.8 percent and 2.3 percent, respectively.
Industrial Production Mom in the United States averaged 0.26 percent from 1919 until 2020, reaching an all time high of 16.60 percent in May of 1933 and a record low of -12.50 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 July of 2020.
Industrial Production Mom in the United States is expected to be 1.20 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.