Manufacturing production in the United States increased 1% year-on-year in February of 2019, following a downwardly revised 2.8% rise in January. It is the lowest annual gain in industrial output in 13 months. On a monthly basis, factory output went down 0.4%, following a downwardly revised 0.5% drop in January and compared to expectations of a 0.3% rise. The output of durables edged down. Losses of 1.5% or more were registered by nonmetallic mineral products, by machinery, and by furniture and related products, while gains of more than 1% were registered by computer and electronics products, by aerospace and miscellaneous transportation equipment, and by miscellaneous manufacturing. Nondurable goods production fell 0.7%. Most major nondurable goods industries posted decreases; the only increases were recorded by paper and by food, beverage, and tobacco products. Production of other manufacturing (publishing and logging) increased 0.5% but remained well below its year-earlier level. Manufacturing Production in the United States averaged 3.79 percent from 1920 until 2019, reaching an all time high of 67.90 percent in July of 1933 and a record low of -39.40 percent in February of 1946.
Manufacturing Production in the United States is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Production in the United States to stand at 2.00 in 12 months time. In the long-term, the United States Manufacturing Production is projected to trend around 1.90 percent in 2020, according to our econometric models.