Industrial production in the United States increased 0.3 percent month-over-month in September of 2018, following a 0.4 percent rise in August and slightly higher than market expectations of a 0.2 percent gain. Both manufacturing and mining went up while utilities were flat. Still, output growth in September was held down slightly by Hurricane Florence, with an estimated effect of less than 0.1 percentage point. Industrial Production Mom in the United States averaged 0.28 percent from 1919 until 2018, reaching an all time high of 16.60 percent in May of 1933 and a record low of -10.40 percent in August of 1945.

United States Industrial Production MoM
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US Industrial Output Growth Beats Forecasts


Industrial production in the United States increased 0.3 percent month-over-month in September of 2018, following a 0.4 percent rise in August and slightly higher than market expectations of a 0.2 percent gain. Both manufacturing and mining went up while utilities were flat. Still, output growth in September was held down slightly by Hurricane Florence, with an estimated effect of less than 0.1 percentage point. Industrial output went up an annualized 3.3 percent in the third quarter of 2018, below a 5.3 percent rise in the second quarter.

Manufacturing output moved up 0.2 percent in September. Factory output advanced 2.8 percent at an annual rate in the third quarter, a slightly faster gain than in the second quarter. In September, the indexes for durables and for other manufacturing (publishing and logging) rose, while the index for nondurables edged down. Production rose for most major categories within durable manufacturing. The largest increases were posted by motor vehicles and parts, wood products, and primary metals, while the only sizable decline was recorded by nonmetallic mineral products. Among nondurables, results were mixed, as the indexes for textile and product mills and for apparel and leather fell nearly 2 percent, but the indexes for printing and support and for petroleum and coal products rose about 1 percent.

Mining output increased 0.5 percent in September. The index has advanced about 24 percent from its trough in 2016, supported by gains in the oil and gas sector. The index for utilities was unchanged in September, as a decline in electric utilities offset an increase in natural gas utilities.

Capacity utilization for manufacturing edged up in September to 75.9 percent but was still 2.4 percentage points below its long-run average. The operating rates for durables and for other manufacturing increased, but the rate for nondurables decreased. The utilization rate for mining edged down to 92.1 percent but remained well above its long-run average. The utilization rate for utilities moved down to 77.7 percent and remained more than 7 percentage points below its long-run average.

Year-on-year, industrial production rose 5.1 percent, above 4.9 percent in August. It is the highest annual increase in industrial production since December of 2010.


Federal Reserve | Joana Taborda | joana.taborda@tradingeconomics.com
10/16/2018 1:39:19 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-08-15 01:15 PM Industrial Production MoM 0.1% 1% 0.3% 0.2%
2018-09-14 01:15 PM Industrial Production MoM 0.4% 0.4% 0.3% 0.5%
2018-10-16 01:15 PM Industrial Production MoM 0.3% 0.4% 0.2% 0.3%
2018-11-16 02:15 PM Industrial Production MoM 0.3% 0.2% 0.4%
2018-12-14 02:15 PM Industrial Production MoM 0.2%


United States Business Last Previous Highest Lowest Unit
Business Confidence 57.70 59.80 77.50 29.40 Index Points [+]
Manufacturing PMI 55.70 55.60 57.90 50.70 [+]
Services PMI 54.80 53.50 61.00 49.30 Index Points [+]
Non Manufacturing PMI 60.30 61.60 62.00 37.60 [+]
Composite Pmi 54.90 53.90 61.00 50.00 Index Points [+]
Industrial Production 5.10 4.90 62.00 -33.70 percent [+]
Industrial Production Mom 0.30 0.40 16.60 -10.40 percent [+]
Manufacturing Production 3.50 3.10 67.90 -39.40 percent [+]
Capacity Utilization 78.10 78.10 89.39 66.71 percent [+]
Durable Goods Orders 0.80 4.60 23.50 -19.00 percent [+]
Durable Goods Orders Ex Defense -0.60 2.50 26.00 -19.70 percent [+]
Durable Goods Orders Ex Transportation 0.10 0.30 7.50 -6.80 percent [+]
Factory Orders Ex Transportation 0.40 0.40 4.60 -7.20 percent [+]
New Orders 515334.00 510466.00 565232.00 223500.00 USD Million [+]
Factory Orders 0.70 2.60 10.60 -10.00 percent [+]
Business Inventories 0.50 0.70 1.30 -2.00 percent [+]
Changes in Inventories 76.33 -36.81 166.37 -245.13 USD Billion [+]
Wholesale Inventories 0.40 0.90 2.10 -2.00 percent [+]
Bankruptcies 22103.00 22245.00 82446.00 19695.00 Companies [+]
Corporate Profits 2007.53 1965.29 2007.53 14.70 USD Billion [+]
NFIB Business Optimism Index 107.90 108.80 108.80 80.10 Index Points [+]
Ism New York Index 69.80 72.50 88.80 23.40 percent [+]
Philadelphia Fed Manufacturing Index 22.20 22.90 58.50 -57.90 Index Points [+]
NY Empire State Manufacturing Index 21.10 19.00 39.00 -35.10 Index Points [+]
Richmond Fed Manufacturing Index 15.00 29.00 29.00 -44.00 Index Points [+]
Chicago Fed National Activity Index 0.17 0.27 2.77 -5.22 [+]
Dallas Fed Manufacturing Index 29.40 28.10 47.10 -60.10 Index Points [+]
Chicago Pmi 58.40 60.40 81.00 20.70 Index Points [+]
Car Production 2.78 2.45 9.92 1.29 Million Units [+]
Car Registrations 443.14 445.58 1149.00 331.50 Thousand [+]
Total Vehicle Sales 17.57 17.44 21.77 9.05 Million [+]
Crude Oil Stocks Change 5.78 3.22 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change 65.00 48.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change 1852.00 -3161.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 124.26 123.89 124.26 46.91 Index Points [+]
Internet Speed 18747.58 17235.62 18747.58 3609.31 KBps [+]
IP Addresses 128949703.00 127873899.00 146874246.00 89399946.00 IP [+]
API Crude Oil Stock Change 7.83 5.70 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 886.00 874.00 1609.00 98.00 [+]
Corruption Index 75.00 74.00 78.00 71.00 Points [+]
Corruption Rank 16.00 18.00 24.00 14.00 [+]
Competitiveness Index 85.64 84.84 85.64 5.42 Points [+]
Competitiveness Rank 1.00 1.00 7.00 1.00 [+]
Ease of Doing Business 8.00 6.00 8.00 4.00 [+]
Steel Production 7251.00 7461.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production 13.40 14.40 108.20 -28.80 percent [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.40 16.60 -10.40 1919 - 2018 percent Monthly
Volume, SA




Country Last
Argentina 0.60 Oct/15
Australia 0.20 Jun/18
Brazil -1.80 Sep/18
Canada 0.65 Jul/18
China 0.50 Sep/18
Euro Area 1.00 Aug/18
France -1.80 Sep/18
Germany 0.20 Sep/18
India 0.60 Sep/18
Indonesia 12.92 Jul/18
Italy -0.20 Sep/18
Japan -1.10 Sep/18
Mexico 1.00 Sep/18
Netherlands 1.30 Sep/18
Russia 2.50 Sep/18
Saudi Arabia 0.59 Mar/18
Singapore -4.90 Sep/18
South Africa -1.00 Sep/18
South Korea -2.50 Sep/18
Spain -0.70 Sep/18
Turkey -1.10 Aug/18
United Kingdom 0.00 Sep/18
United States 0.30 Sep/18


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