Industrial production in the United States increased 0.2% year-on-year in April of 2023, following a downwardly revised 0.1% rise in March. The mining sector surged 5.6% while a decline was seen for manufacturing (-0.9%) and utilities (-0.4%). source: Federal Reserve

Industrial Production in the United States averaged 3.56 percent from 1920 until 2023, reaching an all time high of 62.00 percent in July of 1933 and a record low of -33.70 percent in February of 1946. This page provides the latest reported value for - United States Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Industrial Production in the United States is expected to be -0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Industrial Production is projected to trend around 3.20 percent in 2024 and 2.00 percent in 2025, according to our econometric models.

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United States Industrial Production

Calendar GMT Actual Previous Consensus TEForecast
2023-04-14 01:15 PM Mar 0.5% 0.9% -0.9%
2023-05-16 01:15 PM Apr 0.2% 0.1% 0.3%
2023-06-15 01:15 PM May 0.2% 0.4%

Related Last Previous Unit Reference
Industrial Production Mom 0.50 0.00 percent Apr 2023
Industrial Production 0.20 0.10 percent Apr 2023
Manufacturing Production -0.90 -1.80 percent Apr 2023
Capacity Utilization 79.70 79.40 percent Apr 2023
Car Production 1.95 1.87 Million Units Apr 2023
Manufacturing Production MoM 1.00 -0.80 Percent Apr 2023
Mining Production 5.60 5.50 percent Apr 2023

United States Industrial Production
In the United States, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 78 percent of total production. The biggest segments within Manufacturing are: Chemicals (12 percent of total production); food, drink and tobacco (11 percent); machinery (6 percent); fabricated metal products (6 percent); computer and electronic products (6 percent); and motor vehicles and parts (6 percent). Mining and quarrying account for 11 percent of production and utilities account for the remaining 11 percent.
Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.10 62.00 -33.70 1920 - 2023 percent Monthly
2017=100, SA

News Stream
US Industrial Production Rises 3.3% YoY
Industrial Production in the United States increased 3.3% year-on-year in October of 2022, following a downwardly revised 5% rise in September. It is the smallest annual increase since January. Manufacturing went up 2.4%, utilities 2.5% and mining 6.9%.
US Industrial Production Growth Hits 5-Month High
Industrial production in the United States increased 5.3 percent year-on-year in September 2022, the most since April, accelerating from an upwardly revised 3.9 percent advance in the previous month. Manufacturing output growth accelerated to 4.7 percent from 3.5 percent in August, due to a 6.0 percent jump in the production of durable manufacturing, led by motor vehicles and parts, fabricated metal products, machinery, and aerospace and miscellaneous transportation equipment. Also, nondurable manufacturing increased 3.6 percent, boosted by the production of food, beverage, and tobacco products, and chemicals. Mining output jumped 11.1 percent (8.7 percent), while utilities output moved up 0.5 percent as a 4.3 percent advance in natural gas production was partially offset by a 0.3 percent decline in electric output. On a monthly basis, industrial output rose 0.4 percent in September, beating market forecasts of 0.1 percent.