Industrial Production in the United States decreased 3.60 percent year-on-year in December of 2020, the smallest decline since February, before the coronavirus pandemic. The mining sector shrank 12.3 percent and manufacturing 2.8 percent while utilities increased 2.7 percent. source: Federal Reserve
Industrial Production in the United States averaged 3.60 percent from 1920 until 2020, 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 January of 2021.
Industrial Production in the United States is expected to be -0.60 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 0.90 in 12 months time. In the long-term, the United States Industrial Production is projected to trend around 0.90 percent in 2022, according to our econometric models.