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.