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.