Total industrial production in the United States fell 0.6 percent in September 2020, its first decline in five months, and missing market expectations of 0.5 percent growth. With the September decline, the production remained 7.1 percent below its pre-pandemic February level. Manufacturing output decreased 0.3 percent and was 6.4 percent below February's level while the output of utilities dropped 5.6 percent, as demand for air conditioning fell by more than usual in September. Meanwhile, mining production increased by 1.7 percent.
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 October of 2020.
Industrial Production Mom in the United States is expected to be 0.50 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.