Industrial production in the United States increased 4 percent year-on-year in December of 2018, following an upwardly revised 4.1 percent gain in the previous period. Manufacturing went up 3.2 percent and mining 13.4 percent while utilities output shrank 4.3 percent. Industrial Production in the United States averaged 3.73 percent from 1920 until 2018, reaching an all time high of 62 percent in July of 1933 and a record low of -33.70 percent in February of 1946.
Industrial Production in the United States is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in the United States to stand at 2.00 in 12 months time. In the long-term, the United States Industrial Production is projected to trend around 1.10 percent in 2020, according to our econometric models.