Manufacturing Production in the United States decreased 3.90 percent in October of 2020 over the same month in the previous year. It follows a downwardly revised 5.4 percent drop in the previous month and marks the 16th straight month of falling factory activity. On a monthly basis, manufacturing production jumped 1 percent, but remained about 5 percent below its pre-pandemic level in February. The index for durable manufacturing stepped up 0.9 percent, as small drops in the indexes for furniture and related products, fabricated metal products, and motor vehicles and parts were outweighed by gains elsewhere, especially for aerospace and miscellaneous transportation equipment and for miscellaneous manufacturing. The index for nondurables rose 1.2 percent; nearly all of its components posted gains. The output of other manufacturing (publishing and logging) fell 1.5 percent. source: Federal Reserve
Manufacturing Production in the United States averaged 3.67 percent from 1920 until 2020, 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. This page provides the latest reported value for - United States Manufacturing Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Manufacturing Production in the United States is expected to be -1.50 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 1.90 in 12 months time. In the long-term, the United States Manufacturing Production is projected to trend around 0.70 percent in 2021, according to our econometric models.