Industrial production in the US decreased by 0.1% mom in October of 2022, after a 0.1% increase in September and missing market expectations of a 0.2% gain as higher interest rates and prices weighed on demand. Manufacturing output went up 0.1%, below expectations for a 0.2% increase mostly supported by durable goods (0.5%). Within durables, increases of at least 1.5% were recorded by electrical equipment, appliances, and components; aerospace and miscellaneous transportation equipment; and motor vehicles and parts. At the same time, nondurable manufacturing fell 0.3% as gains for printing and support, plastics and rubber products, and apparel and leather products were offset by losses in petroleum and coal products, textile and product mills, and paper. Finally, mining was down 0.4%, and utilities fell 1.5%. Meanwhile, the capacity utilization rate decreased by 0.2 pp to 79.9%, a rate that is 0.3 pp above its long-run average. source: Federal Reserve

Industrial Production Mom in the United States averaged 0.26 percent from 1919 until 2022, reaching an all time high of 16.60 percent in May of 1933 and a record low of -13.20 percent in April of 2020. This page provides the latest reported value for - United States Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Industrial Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

Industrial Production Mom in the United States is expected to be -0.40 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 MoM is projected to trend around 0.40 percent in 2023 and 0.20 percent in 2024, according to our econometric models.

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United States Industrial Production MoM



Calendar GMT Actual Previous Consensus TEForecast
2022-10-18 01:15 PM Sep 0.4% -0.1% 0.1% -0.1%
2022-11-16 02:15 PM Oct -0.1% 0.1% 0.2% 0.3%
2022-12-15 02:15 PM Nov -0.1% -0.2%


Related Last Previous Unit Reference
Industrial Production Mom -0.10 0.10 percent Oct 2022
Industrial Production 3.30 5.00 percent Oct 2022
Manufacturing Production 2.40 4.00 percent Oct 2022
Capacity Utilization 79.88 80.06 percent Oct 2022
Car Production 1.84 1.75 Million Units Oct 2022
Manufacturing Production MoM 0.10 0.20 Percent Oct 2022
Mining Production 6.90 11.30 percent Oct 2022

United States Industrial Production MoM
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
-0.10 0.10 16.60 -13.20 1919 - 2022 percent Monthly
Volume, SA

News Stream
US Industrial Output Unexpectedly Falls
Industrial production in the US decreased by 0.1% mom in October of 2022, after a 0.1% increase in September and missing market expectations of a 0.2% gain as higher interest rates and prices weighed on demand. Manufacturing output went up 0.1%, below expectations for a 0.2% increase mostly supported by durable goods (0.5%). Within durables, increases of at least 1.5% were recorded by electrical equipment, appliances, and components; aerospace and miscellaneous transportation equipment; and motor vehicles and parts. At the same time, nondurable manufacturing fell 0.3% as gains for printing and support, plastics and rubber products, and apparel and leather products were offset by losses in petroleum and coal products, textile and product mills, and paper. Finally, mining was down 0.4%, and utilities fell 1.5%. Meanwhile, the capacity utilization rate decreased by 0.2 pp to 79.9%, a rate that is 0.3 pp above its long-run average.
2022-11-16
US Industrial Output Rises More than Expected
Industrial production in the US increased 0.4% from a month earlier in September of 2022, recovering from a revised 0.1% fall in August and above market expectations of a 0.1% gain. Manufacturing output rose 0.4%, the same as in the previous month, and also beating expectations for a 0.2% increase. The indexes for durable and nondurable manufacturing rose 0.5% and 0.3%, respectively, while the index for other manufacturing fell 0.7%. Within durables, gains of at least 1% were recorded by nonmetallic mineral products, fabricated metal products, computer and electronic products, and motor vehicles and parts. Within nondurables, declines in paper and in printing and support were outweighed by gains in food, beverage, and tobacco products; apparel and leather; chemicals; and petroleum and coal products. The index for mining moved up 0.6%, and the index for utilities fell 0.3%. Considering Q3, industrial production advanced by 2.9%.
2022-10-18
US Industrial Output Misses Market Expectations
Industrial production in the United States decreased 0.2% from a month earlier in August of 2022, missing market expectations of a 0.1%. Manufacturing output edged up 0.1%, down from a 0.6% rise in the previous month. The index for durable manufacturing was unchanged, the index for nondurable manufacturing rose 0.2%, and the index for other manufacturing (publishing and logging) edged down 0.1%. Within durables, gains of at least 1.0% were recorded by machinery, by computer and electronic products, by aerospace and miscellaneous transportation equipment, and by miscellaneous manufacturing. Losses of more than 1% were registered by wood products, by motor vehicles and parts, and by furniture and related products. Within nondurables, increases for petroleum and coal products, paper, and chemicals offset decreases for most other industries. The index for mining was unchanged, and the index for utilities decreased 2.3%.
2022-09-15