Industrial production increased by 9.8 percent from a year earlier in June 2021, easing from a revised 16.1 percent growth in the previous month, reflecting a low base year and ongoing economic recovery. Production rose at a softer pace for both manufacturing (9.8 percent vs 17.9 percent in May) and utilities (2.1 percent vs 3.5 percent), while mining output growth accelerated (17.8 percent vs 17.0 percent). source: Federal Reserve
Industrial Production in the United States averaged 3.57 percent from 1920 until 2021, reaching an all time high of 62 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 August of 2021.
Industrial Production in the United States is expected to be 6.50 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 3.00 in 12 months time. In the long-term, the United States Industrial Production is projected to trend around 3.60 percent in 2022 and 3.20 percent in 2023, according to our econometric models.