Industrial production in the United States increased 0.4 percent in August 2021 after moving up 0.8 percent in July. Late-month shutdowns related to Hurricane Ida held down the gain in industrial production by an estimated 0.3 percentage point. Although the hurricane forced plant closures for petrochemicals, plastic resins, and petroleum refining, overall manufacturing output rose 0.2 percent. Mining production fell 0.6 percent, reflecting hurricane-induced disruptions to oil and gas extraction in the Gulf of Mexico. The output of utilities increased 3.3 percent, as unseasonably warm temperatures boosted demand for air conditioning. source: Federal Reserve
Industrial Production Mom in the United States averaged 0.27 percent from 1919 until 2021, reaching an all time high of 16.60 percent in May of 1933 and a record low of -13.60 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 September of 2021.
Industrial Production Mom in the United States is expected to be 0.20 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 0.30 percent in 2022 and 0.20 percent in 2023, according to our econometric models.