Manufacturing production in the US increased by 9.8 percent year-on-year in June 2021, following a revised 17.9 percent growth in the previous month, reflecting a low base year and ongoing economic recovery. Durable manufacturing advanced 12.1 percent, boosted by production of machinery (15.8 percent), aerospace and miscellaneous transportation equipment (23.9 percent), computer and electronic products (9.1 percent), motor vehicles and parts (7.9 percent), and fabricated metal products (6.6 percent). Nondurable manufacturing grew by 7.4 percent on the back of chemicals (8.3 percent), petroleum and coal products (21.3 percent), and plastics and rubber products (10.1 percent). source: Federal Reserve
Manufacturing Production in the United States averaged 3.64 percent from 1920 until 2021, 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 August of 2021.
Manufacturing Production in the United States is expected to be 5.90 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 0.50 in 12 months time. In the long-term, the United States Manufacturing Production is projected to trend around 0.70 percent in 2022, according to our econometric models.