US industrial output rose 0.6 percent from a month earlier in November 2018, following a downwardly revised 0.2 percent contraction in October and beating market expectations of a 0.3 percent gain. Mining and utilities output led the increase while manufacturing production was unchanged. 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.

Industrial Production Mom in the United States is expected to be 0.40 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 0.20 percent in 2020, according to our econometric models.

United States Industrial Production MoM
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Calendar GMT Actual Previous Consensus TEForecast
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 0.1% 0.2% 0.2% 0.4%
2018-12-14 02:15 PM Industrial Production MoM 0.6% -0.2% 0.3% 0.2%
2019-01-18 02:15 PM Industrial Production MoM 0.6% 0.2% 0.4%
2019-02-15 02:15 PM Industrial Production MoM
2019-03-15 01:15 PM Industrial Production MoM



US Industrial Output Rebound Beats Forecasts

US industrial output rose 0.6 percent from a month earlier in November 2018, following a downwardly revised 0.2 percent contraction in October and beating market expectations of a 0.3 percent gain. Mining and utilities output led the increase while manufacturing production was unchanged.

Mining output surged 1.7 percent in November after a 0.7 percent fall in October, primarily as a result of gains in oil and gas extraction, coal mining, and support activities for mining.

Utilities output rose 3.3 percent in November, following a 0.2 percent advance in October, with increases for both electric and gas utilities; natural gas distribution rose sharply in both October and November, as unseasonably cold weather supported demand for heating.

Meanwhile, manufacturing production was unchanged in November after a 0.1 percent decline in the previous month. Within durable manufacturing (0.2 percent vs -0.1 percent), primary metals posted the largest gain (2.4 percent vs 0.9 percent), followed by machinery (0.5 percent vs 0.8 percent), motor vehicles and parts (0.3 percent vs -3.1 percent), electrical equipment, appliances, and components (0.3 percent vs -0.6 percent), and computer and electronic products (0.2 percent vs -0.2 percent). On the other hand, fabricated metal products output fell 0.1 percent (vs 0.2 percent in October). Among nondurables (-0.2 percent, the same as in October), most major categories posted declines: food, beverage, and tobacco products (-0.5 percent, the same as in October); petroleum and coal products (-1.7 percent vs -1 percent); and printing and support (-1 percent vs -0.9 percent). By contrast, chemicals output grew 0.6 percent (vs 0.2 percent in October).

Capacity utilization for manufacturing edged down in November to 75.7 percent, about 2 1/2 percentage points below its long-run average, as a slight rise for durables was outweighed by declines for nondurables and other manufacturing (publishing and logging). The utilization rate for mining increased to 94.1 percent and remained well above its long-run average of 87.0 percent. The operating rate for utilities moved up to 79.4 percent, a rate that is about 6 percentage points below its long-run average.


Federal Reserve | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/14/2018 4:02:57 PM



United States Business Last Previous Highest Lowest Unit
Business Confidence 54.10 59.30 77.50 29.40 Index Points [+]
Manufacturing PMI 53.80 55.30 57.90 50.70 [+]
Services PMI 54.40 54.70 61.00 49.30 Index Points [+]
Non Manufacturing PMI 57.60 60.70 62.00 37.60 [+]
Composite Pmi 54.40 54.70 61.00 50.00 Index Points [+]
Industrial Production 3.90 3.80 62.00 -33.70 percent [+]
Industrial Production Mom 0.60 -0.20 16.60 -10.40 percent [+]
Manufacturing Production 2.00 2.20 67.90 -39.40 percent [+]
Capacity Utilization 78.50 78.10 89.39 66.71 percent [+]
Durable Goods Orders 0.80 -4.30 23.50 -19.00 percent [+]
Durable Goods Orders Ex Defense -0.10 -1.40 26.00 -19.70 percent [+]
Durable Goods Orders Ex Transportation -0.30 0.40 7.50 -6.80 percent [+]
Factory Orders Ex Transportation 0.30 0.10 4.60 -7.20 percent [+]
New Orders 502677.00 515334.00 565232.00 223500.00 USD Million [+]
Factory Orders -2.10 0.20 10.60 -10.00 percent [+]
Business Inventories 0.60 0.50 1.30 -2.00 percent [+]
Changes in Inventories 89.77 -36.81 166.37 -245.13 USD Billion [+]
Wholesale Inventories 0.80 0.70 2.10 -2.00 percent [+]
Bankruptcies 22103.00 22245.00 82446.00 19695.00 Companies [+]
Corporate Profits 2076.82 2007.53 2076.82 14.70 USD Billion [+]
NFIB Business Optimism Index 104.40 104.80 108.80 80.10 Index Points [+]
Ism New York Index 65.40 67.80 88.80 23.40 percent [+]
Philadelphia Fed Manufacturing Index 9.40 12.90 58.50 -57.90 Index Points [+]
NY Empire State Manufacturing Index 3.90 11.50 39.00 -34.40 Index Points [+]
Richmond Fed Manufacturing Index -8.00 14.00 29.00 -44.00 Index Points [+]
Chicago Fed National Activity Index 0.22 0.00 2.77 -5.22 [+]
Dallas Fed Manufacturing Index -5.10 17.60 47.10 -60.10 Index Points [+]
Chicago Pmi 65.40 66.40 81.00 20.70 Index Points [+]
Car Production 2.71 2.64 9.92 1.29 Million Units [+]
Car Registrations 431.72 436.69 1149.00 331.50 Thousand [+]
Total Vehicle Sales 17.55 17.49 21.77 9.05 Million [+]
Crude Oil Stocks Change -2.68 -1.68 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change -91.00 -20.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change 7503.00 8066.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 124.80 124.54 124.80 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 -0.56 -6.27 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 873.00 877.00 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 7425.00 7571.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production 13.20 13.60 108.20 -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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 -0.20 16.60 -10.40 1919 - 2018 percent Monthly
Volume, SA




Country Last Previous
Argentina 0.60 Oct/15
Australia -0.80 Sep/18
Brazil 0.10 Nov/18
Canada 0.14 Aug/18
China 0.36 Nov/18
Euro Area -1.70 Nov/18
France -1.30 Nov/18
Germany -1.90 Nov/18
India -4.80 Nov/18
Indonesia 0.00 Oct/18
Italy -1.60 Nov/18
Japan -1.10 Nov/18
Mexico -0.60 Nov/18
Netherlands 0.00 Nov/18
Russia -0.20 Nov/18
Saudi Arabia 4.17 Jun/18
Singapore 2.80 Nov/18
South Africa 0.70 Nov/18
South Korea -1.70 Nov/18
Spain -1.50 Nov/18
Turkey -0.30 Nov/18
United Kingdom -0.40 Nov/18
United States 0.60 Nov/18


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