Industrial production in the US dropped 0.3 percent from a month earlier in December 2019, following a downwardly revised 0.8 percent growth in November and compared to market expectations of a smaller 0.2 percent decline. Utilities output tumbled 5.6 percent, due to a large decrease in demand for heating, as unseasonably warm weather in December followed unseasonably cold weather in November. On the other hand, mining rose 1.3 percent, with most of the gain from oil and gas extraction, and manufacturing increased 0.2 percent. Nondurables production moved up 0.6 percent, led by increases for petroleum and coal products (1.6 percent) and for food, beverage, and tobacco products (1.3 percent). Durable goods manufacturing however slipped 0.2 percent, as the decrease for motor vehicles (-4.6 percent) outweighed widespread increases in other industries, such as nonmetallic mineral products (2.3 percent).

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. 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.

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 0.20 percent in 2020, according to our econometric models.


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United States Industrial Production MoM

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 0.80 16.60 -10.40 1919 - 2019 percent Monthly
Volume, SA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-17 01:15 PM Sep -0.4% 0.8% -0.1% -0.3%
2019-11-15 02:15 PM Oct -0.8% -0.3% -0.4% -0.3%
2019-12-17 02:15 PM Nov 1.1% -0.9% 0.8% 0.6%
2020-01-17 02:15 PM Dec -0.3% 0.8% -0.2% -0.1%
2020-02-14 02:15 PM Jan -0.3% -0.2%


News Stream
2019-12-17
US Industrial Output Rebounds as GM Strike Ends
Industrial production in the US increased 1.1 percent month-over-month in November of 2019, following an upwardly revised 0.9 percent fall in October and beating market expectations of a 0.8 percent rise. It is the biggest jump in industrial output since October of 2017, due to a bounce back in the output of motor vehicles and parts following the end of a strike at General Motors. The 40-day strike was the longest for auto workers in 50 years and involved more than 48,000 people. It ended with a new four-year contract between the company and the United Auto Workers union in which some small pay rises and factory investments were included.

2019-11-15
US Industrial Production Falls the Most in 1-1/2 Year
US industrial output dropped 0.8 percent from a month earlier in October 2019, following a revised 0.3 percent fall in September and compared to market forecasts of a 0.4 percent decline. That was the steepest contraction in industrial activity since May 2018, led by a 7.1 percent slump in the output of motor vehicles and parts that resulted from a strike at a major manufacturer of motor vehicles.

2019-10-17
US Industrial Output Falls More than Expected
US industrial output dropped 0.4 percent from a month earlier in September 2019, following an upwardly revised 0.8 percent gain in August and compared with market consensus of a 0.1 percent fall. That was the sharpest decline in industrial output since April, as manufacturing production fell 0.5 percent, after rising 0.6 percent in August due to a strike at General Motors; and mining output dropped 1.3 percent. For the third quarter as a whole, industrial production rose at an annual rate of 1.2 percent following declines of about 2 percent in both the first and the second quarters.

2019-09-17
US Industrial Output Rebounds Firmly in August
US industrial output rose 0.6 percent from a month earlier in August 2019, following a revised 0.1 percent fall in July and easily beating market forecasts of a 0.2 percent growth. That was the largest gain in industrial output since August 2018, as manufacturing production increased 0.5 percent, more than reversing its decrease in July; and the indexes for utilities and mining moved up 0.6 percent and 1.4 percent, respectively.

2019-08-15
US Industrial Output Falls Unexpectedly
US industrial output dropped 0.2 percent from a month earlier in July 2019, following a revised 0.2 percent growth in June and missing market forecasts of a 0.1 percent gain. Manufacturing output decreased 0.4 percent, worse than market forecasts of a 0.1 percent contraction; while mining output fell 1.8 percent, as Hurricane Barry caused a sharp but temporary decline in oil extraction in the Gulf of Mexico. By contrast, utilities output rose 3.1 percent.

2019-07-16
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.


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.

United States Business Last Previous Highest Lowest Unit
Business Confidence 47.20 48.10 77.50 29.40 points [+]
Services PMI 53.20 52.80 61.00 49.30 points [+]
Non Manufacturing PMI 55.00 53.90 62.00 37.80 points [+]
Manufacturing PMI 51.70 52.40 57.90 50.30 points [+]
Composite Pmi 53.10 52.70 61.00 50.00 points [+]
Industrial Production -1.00 -0.70 62.00 -33.70 percent [+]
Industrial Production Mom -0.30 0.80 16.60 -10.40 percent [+]
Manufacturing Production -1.30 -0.90 67.90 -39.40 percent [+]
Capacity Utilization 77.02 77.37 89.39 66.69 percent [+]
Durable Goods Orders -2.00 0.20 23.20 -18.40 percent [+]
Durable Goods Orders Ex Defense 0.80 0.00 25.50 -19.20 percent [+]
Durable Goods Orders Ex Transportation 0.00 0.30 6.30 -10.20 percent [+]
Factory Orders Ex Transportation 0.30 0.30 4.60 -7.00 percent [+]
New Orders 493029.00 496962.00 549482.00 223500.00 USD Million [+]
Factory Orders -0.70 0.20 10.40 -9.70 percent [+]
Business Inventories -0.20 0.10 1.30 -2.00 percent [+]
Changes in Inventories 69.44 69.40 173.21 -245.13 USD Billion [+]
Wholesale Inventories -0.10 0.10 2.10 -2.00 percent [+]
Bankruptcies 22910.00 22483.00 82446.00 19695.00 Companies [+]
Corporate Profits 1868.66 1857.53 1873.90 14.67 USD Billion [+]
NFIB Business Optimism Index 102.70 104.70 108.80 80.10 points [+]
NY Empire State Manufacturing Index 4.80 3.30 39.00 -34.30 points [+]
Philadelphia Fed Manufacturing Index 17.00 2.40 58.50 -57.90 points [+]
Richmond Fed Manufacturing Index -5.00 -1.00 27.00 -44.00 points [+]
Ism New York Index 39.10 50.40 88.80 23.40 percent [+]
Dallas Fed Manufacturing Index -3.20 -1.30 47.60 -59.90 points [+]
Chicago Fed National Activity Index -0.35 0.41 2.79 -5.29 [+]
Chicago Pmi 48.90 46.30 78.60 21.20 points [+]
Total Vehicle Sales 17.10 16.60 21.77 9.05 Million [+]
Car Production 2.53 2.57 9.92 1.29 Million Units [+]
Car Registrations 345.67 373.49 1149.00 331.50 Thousand [+]
Crude Oil Stocks Change -0.41 -2.55 14.42 -15.22 BBL/1Million [+]
Gasoline Stocks Change 1745.00 6678.00 11456.00 -8428.00 Thousand Barrels [+]
Natural Gas Stocks Change -92.00 -109.00 147.00 -359.00 Billion cf [+]
Leading Economic Index 129.78 129.35 129.78 45.48 points [+]
Internet Speed 18747.58 17235.62 18747.58 3609.31 KBps [+]
IP Addresses 128949703.00 127873899.00 146874246.00 89399946.00 IP [+]
Crude Oil Rigs 676.00 673.00 1609.00 98.00 [+]
API Crude Oil Stock Change 1.60 1.10 14.30 -12.40 BBL/1Million [+]
Competitiveness Index 83.67 85.64 85.64 5.42 Points [+]
Competitiveness Rank 2.00 1.00 7.00 1.00 [+]
Corruption Index 69.00 71.00 78.00 69.00 Points [+]
Corruption Rank 23.00 22.00 24.00 14.00 [+]
Crude Oil Imports -53.00 -595.00 2201.00 -2518.00 Thousand Barrels [+]
Distillate Fuel Production -251.00 -105.00 570.00 -699.00 Thousand Barrels [+]
Distillate Stocks -1185.00 8171.00 11205.00 -13011.00 Thousand Barrels [+]
Cushing Crude Oil Stocks -961.00 342.00 4737.00 -4184.00 Thousand Barrels [+]
Ease of Doing Business 6.00 8.00 8.00 4.00 [+]
Gasoline Production 254.00 394.00 1082.00 -1494.00 Thousand Barrels [+]
Steel Production 7233.00 7407.00 11951.00 3799.00 Thousand Tonnes [+]
Refinery Crude Runs 76.00 -386.00 1572.00 -3253.00 Thousand Barrels [+]
Mining Production 1.40 2.30 108.20 -28.80 percent [+]
Kansas Fed Manufacturing Index -4.00 -3.00 35.00 -32.00 points [+]
Heating Oil Stocks 142.00 -168.00 94208.00 -92090.00 Thousand Barrels [+]