Manufacturing Production in the United States increased 3.10 percent in March of 2021 over the same month in the previous year. It is the biggest increase since September of 2018 as the economy recovers from the coronavirus pandemic. On a monthly basis, factory output increased 2.7 percent, due to durables (3 percent) and nondurables (2.6 percent). The output of motor vehicles and parts rose 2.8 percent. Shortages of semiconductors held down vehicle production in the past two months, while cold weather also curbed production in February. source: Federal Reserve
Manufacturing Production in the United States averaged 3.65 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 May of 2021.
Manufacturing Production in the United States is expected to be 3.50 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 0.70 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.