Industrial Production in the United States increased 16.30 percent year-on-year in May of 2021, following an upwardly revised 17.6 percent rise in April. Low base effects from last year are weighing on the data as the coronavirus pandemic dragged activity down. In May of 2020, industrial output declined 16.2 percent. source: Federal Reserve

Industrial Production in the United States averaged 3.61 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 June of 2021.

Industrial Production in the United States is expected to be 12.20 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 3.60 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.

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United States Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
16.30 17.60 62.00 -33.70 1920 - 2021 percent Monthly
2012=100, SA

Calendar GMT Actual Previous Consensus TEForecast
2021-03-16 01:15 PM Feb -4.2% -2% 0.9%
2021-04-15 01:15 PM Mar 1% -4.8% -1.4%
2021-05-14 01:15 PM Apr 16.5% 1% 19%
2021-06-15 01:15 PM May 16.3% 17.6% 21%
2021-07-15 01:15 PM Jun 16.3% 12.2%
2021-08-17 01:15 PM Jul
2021-09-15 01:15 PM Aug
2021-10-18 01:15 PM Sep 6.5%

United States Industrial Production
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.