US industrial output dropped 0.5 percent from a month earlier in April 2019, defying market expectations of a flat reading and reversing a 0.2 percent advance in March. That was the biggest decline in industrial production since May last year, as manufacturing and utilities contracted while mining output rebounded firmly. 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 0.40 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 -0.50 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
2019-02-15 02:15 PM Industrial Production MoM -0.6% 0.1% 0.1% 0.2%
2019-03-15 01:15 PM Industrial Production MoM 0.1% -0.4% 0.4% 0.2%
2019-04-16 01:15 PM Industrial Production MoM -0.1% 0.1% 0.2% 0.3%
2019-05-15 01:15 PM Industrial Production MoM -0.5% 0.2% 0% 0.1%
2019-06-14 01:15 PM Industrial Production MoM -0.5% 0.2%
2019-07-16 01:15 PM Industrial Production MoM 0.4%
2019-08-15 01:15 PM Industrial Production MoM 0.1%



US Industrial Output Falls the Most in 11 Months

US industrial output dropped 0.5 percent from a month earlier in April 2019, defying market expectations of a flat reading and reversing a 0.2 percent advance in March. That was the biggest decline in industrial production since May last year.

Manufacturing output declined 0.5 percent in April after having decreased about 0.4 percent per month, on average, during the previous three months. In April, the production of durable goods fell almost 1 percent, but the index for nondurable goods only edged down. Among durables, losses of 2 percent or more were posted by machinery; electrical equipment, appliances, and components; and motor vehicles and parts. Among nondurables, the results were mixed—the largest gains were recorded by apparel and by paper and products, and the largest declines were recorded by textile and product mills and by plastics and rubber products. The index for other manufacturing (publishing and logging) declined 0.3 percent and was well below its year-earlier level.

The output of utilities fell 3.5 percent in April, with declines in the indexes for both natural gas and electric utilities; demand for heating decreased last month because of temperatures that were warmer than normal. After having fallen for three consecutive months, mining output stepped up 1.6 percent in April and was 10.4 percent above its level of a year earlier. The increase in the mining index for April reflected gains in the oil and gas sector as well as a jump in coal mining that followed a few months of declines.

Capacity utilization for manufacturing dropped 0.5 percentage point in April to 75.7 percent, a rate that is 2.6 percentage points below its long-run average. The utilization rate for durable manufacturing declined, while the rates for nondurable manufacturing and for other manufacturing (publishing and logging) were little changed. Capacity utilization for mining increased to 91.4 percent and remained well above its long-run average of 87.1 percent. The utilization rate for utilities dropped to 76.2 percent and was more than 9 percentage points below its long-run average.


Federal Reserve | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/15/2019 1:20:28 PM



United States Business Last Previous Highest Lowest Unit
Business Confidence 52.80 55.30 77.50 29.40 Index Points [+]
Manufacturing PMI 52.60 52.40 57.90 50.70 [+]
Services PMI 53.00 55.30 61.00 49.30 Index Points [+]
Non Manufacturing PMI 55.50 56.10 62.00 37.80 [+]
Composite Pmi 53.00 54.60 61.00 50.00 Index Points [+]
Industrial Production 0.90 2.30 62.00 -33.70 percent [+]
Industrial Production Mom -0.50 0.20 16.60 -10.40 percent [+]
Manufacturing Production -0.20 0.70 67.90 -39.40 percent [+]
Capacity Utilization 77.93 78.46 89.39 66.69 percent [+]
Durable Goods Orders 2.70 -1.10 23.50 -19.00 percent [+]
Durable Goods Orders Ex Defense 2.30 -1.70 26.00 -19.70 percent [+]
Durable Goods Orders Ex Transportation 0.40 -0.20 7.50 -6.80 percent [+]
Factory Orders Ex Transportation 0.80 0.30 4.60 -7.20 percent [+]
New Orders 508192.00 497474.00 565232.00 223500.00 USD Million [+]
Factory Orders 1.90 -0.30 10.60 -10.00 percent [+]
Business Inventories 0.00 0.30 1.30 -2.00 percent [+]
Changes in Inventories 128.39 96.80 166.37 -245.13 USD Billion [+]
Wholesale Inventories -0.10 0.40 2.10 -2.00 percent [+]
Bankruptcies 22157.00 22232.00 82446.00 19695.00 Companies [+]
Corporate Profits 2076.20 2076.82 2076.82 14.70 USD Billion [+]
NFIB Business Optimism Index 103.50 101.80 108.80 80.10 Index Points [+]
Ism New York Index 77.30 66.90 88.80 23.40 percent [+]
Philadelphia Fed Manufacturing Index 16.60 8.50 58.50 -57.90 Index Points [+]
NY Empire State Manufacturing Index 17.80 10.10 39.00 -34.40 Index Points [+]
Richmond Fed Manufacturing Index 3.00 10.00 29.00 -44.00 Index Points [+]
Chicago Fed National Activity Index -0.45 0.05 2.78 -5.27 [+]
Dallas Fed Manufacturing Index 2.00 6.90 47.60 -59.90 Index Points [+]
Chicago Pmi 52.60 58.70 78.60 21.20 Index Points [+]
Car Production 2.42 2.46 9.92 1.29 Million Units [+]
Car Registrations 377.46 389.93 1149.00 331.50 Thousand [+]
Total Vehicle Sales 16.40 17.45 21.77 9.05 Million [+]
Crude Oil Stocks Change 5.43 -3.96 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change 106.00 85.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change -1123.00 -596.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 125.78 125.56 125.78 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 2.40 8.60 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 802.00 805.00 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 7752.00 6896.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production 10.40 9.80 108.20 -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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 0.20 16.60 -10.40 1919 - 2019 percent Monthly
Volume, SA




Country Last Previous
Argentina -4.30 Mar/19
Australia -0.70 Dec/18
Brazil -1.30 Mar/19
Canada -0.45 Feb/19
China 0.37 Apr/19
Euro Area -0.30 Mar/19
France -0.90 Mar/19
Germany 0.50 Mar/19
India 10.00 Mar/19
Indonesia -4.20 Feb/19
Italy -0.90 Mar/19
Japan -0.60 Mar/19
Mexico -1.30 Mar/19
Netherlands -0.20 Mar/19
Russia 10.30 Mar/19
Saudi Arabia -0.35 Sep/18
Singapore -2.60 Mar/19
South Africa 0.80 Mar/19
South Korea 1.40 Mar/19
Spain -1.20 Mar/19
Turkey 2.10 Mar/19
United Kingdom 0.70 Mar/19
United States -0.50 Apr/19


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