US industrial output was unchanged in June 2019, following a 0.4 percent growth in May and missing market forecasts of a 0.1 percent gain. Increases for both manufacturing and mining offset a decline for utilities. For the second quarter as a whole, industrial production declined at an annual rate of 1.2 percent, its second consecutive quarterly decrease. Industrial Production Mom in the United States averaged 0.27 percent from 1919 until 2019, 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 0.20 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 0.60 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
2019-04-16 01:15 PM Industrial Production MoM Mar -0.1% 0.1% 0.2% 0.3%
2019-05-15 01:15 PM Industrial Production MoM Apr -0.5% 0.2% 0% 0.1%
2019-06-14 01:15 PM Industrial Production MoM May 0.4% -0.4% 0.2% 0.2%
2019-07-16 01:15 PM Industrial Production MoM Jun 0% 0.4% 0.1% 0.4%
2019-08-15 01:15 PM Industrial Production MoM Jul 0% 0.1%
2019-09-17 01:15 PM Industrial Production MoM Aug -0.5%
2019-10-17 01:15 PM Industrial Production MoM Sep 0.2%



US Industrial Output Flat in June

US industrial output was unchanged in June 2019, following a 0.4 percent growth in May and missing market forecasts of a 0.1 percent gain. Increases for both manufacturing and mining offset a decline for utilities. For the second quarter as a whole, industrial production declined at an annual rate of 1.2 percent, its second consecutive quarterly decrease.

Manufacturing output increased 0.4 percent in June after moving up 0.2 percent in May. The indexes for durables and for nondurables advanced 0.4 percent and 0.5 percent, respectively. The output for other manufacturing (publishing and logging) declined 0.5 percent. Among durables, an increase of nearly 3 percent in the output of motor vehicles and parts was accompanied by gains of around 1 percent in the indexes for nonmetallic mineral products and for computer and electronic products. Among nondurables, the index for petroleum and coal products recorded the largest advance—2.5 percent—and most other categories also posted gains; the indexes for printing and support activities and for chemicals registered the only declines. Despite the gains in the past two months, factory production declined at an annual rate of 2.2 percent in the second quarter, about the same pace as in the first quarter.

Mining output rose 0.2 percent, as a gain in oil and gas extraction was partly offset by declines in coal mining and in support activities for mining. Mining production advanced 8.9 percent at an annual rate for the second quarter, its 11th consecutive quarterly increase.

Electric utilities and natural gas utilities posted drops of 3.9 percent and 2.0 percent, respectively.

Capacity utilization for the industrial sector decreased 0.2 percentage point in June to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972–2018) average. Capacity utilization for manufacturing rose 0.3 percentage point in June, with increases for both durables and nondurables and a decrease for other manufacturing (publishing and logging). The overall manufacturing operating rate of 75.9 percent is 2.4 percentage points below its long-run average. The utilization rate for mining moved down to 91.5 percent, which is still more than 4 percentage points higher than its long-run average. The operating rate for utilities dropped 3.0 percentage points and remained well below its long-run average.


Federal Reserve | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/16/2019 1:20:35 PM



United States Business Last Previous Highest Lowest Unit
Business Confidence 51.70 52.10 77.50 29.40 Index Points [+]
Manufacturing PMI 50.60 50.50 57.90 50.50 [+]
Services PMI 51.50 50.90 61.00 49.30 Index Points [+]
Non Manufacturing PMI 55.10 56.90 62.00 37.80 [+]
Composite Pmi 51.50 50.90 61.00 50.00 Index Points [+]
Industrial Production 1.30 2.10 62.00 -33.70 percent [+]
Industrial Production Mom 0.00 0.40 16.60 -10.40 percent [+]
Manufacturing Production 0.40 0.70 67.90 -39.40 percent [+]
Capacity Utilization 77.92 78.09 89.39 66.69 percent [+]
Durable Goods Orders -1.30 -2.80 23.20 -18.40 percent [+]
Durable Goods Orders Ex Defense -0.60 -3.30 25.50 -19.20 percent [+]
Durable Goods Orders Ex Transportation 0.30 -0.10 6.30 -10.20 percent [+]
Factory Orders Ex Transportation 0.10 0.20 4.60 -7.00 percent [+]
New Orders 493569.00 499273.00 565232.00 223500.00 USD Million [+]
Factory Orders -0.70 -1.20 10.40 -9.70 percent [+]
Business Inventories 0.30 0.50 1.30 -2.00 percent [+]
Changes in Inventories 122.84 96.80 166.37 -245.13 USD Billion [+]
Wholesale Inventories 0.40 0.80 2.10 -2.00 percent [+]
Bankruptcies 22157.00 22232.00 82446.00 19695.00 Companies [+]
Corporate Profits 2012.30 2076.20 2076.82 14.70 USD Billion [+]
NFIB Business Optimism Index 103.30 105.00 108.80 80.10 Index Points [+]
NY Empire State Manufacturing Index 4.30 -8.60 39.00 -34.40 Index Points [+]
Philadelphia Fed Manufacturing Index 21.80 0.30 58.50 -57.90 Index Points [+]
Richmond Fed Manufacturing Index 3.00 5.00 29.00 -44.00 Index Points [+]
Ism New York Index 50.00 48.60 88.80 23.40 percent [+]
Chicago Fed National Activity Index -0.05 -0.48 2.78 -5.27 [+]
Dallas Fed Manufacturing Index -12.10 -5.30 47.60 -59.90 Index Points [+]
Chicago Pmi 49.70 54.20 78.60 21.20 Index Points [+]
Car Production 2.62 2.56 9.92 1.29 Million Units [+]
Car Registrations 465.92 432.55 1149.00 331.50 Thousand [+]
Total Vehicle Sales 17.30 17.30 21.77 9.05 Million [+]
Crude Oil Stocks Change -3.12 -9.50 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change 62.00 81.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change 3565.00 -1455.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 127.88 127.79 127.88 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 -1.40 -8.13 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 779.00 784.00 1609.00 98.00 [+]
Corruption Index 71.00 75.00 78.00 71.00 Points [+]
Corruption Rank 22.00 16.00 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 7653.00 7428.00 11951.00 3799.00 Thousand Tonnes [+]
Kansas Fed Manufacturing Index -3.00 2.00 37.00 -32.00 Index Points [+]
Mining Production 8.70 10.70 108.20 -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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.40 16.60 -10.40 1919 - 2019 percent Monthly
Volume, SA




Country Last Previous
Argentina 0.60 May/19
Australia 0.50 Mar/19
Brazil -0.20 May/19
Canada 0.59 Apr/19
China 0.68 Jun/19
Euro Area 0.90 May/19
France 2.10 May/19
Germany 0.30 May/19
India 4.50 May/19
Indonesia 6.40 Mar/19
Italy 0.90 May/19
Japan 2.00 May/19
Mexico -2.10 May/19
Netherlands 0.80 May/19
Russia 2.30 Jun/19
Saudi Arabia -0.35 Sep/18
Singapore -0.70 May/19
South Africa -1.50 May/19
South Korea -1.70 May/19
Spain 0.30 May/19
Switzerland 1.20 Mar/19
Turkey 1.30 May/19
United Kingdom 1.40 May/19
United States 0.00 Jun/19


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