US industrial output edged up 0.1 percent from a month earlier in October 2018, following a downwardly revised 0.2 percent advance in September and missing market expectations of a 0.2 percent gain. Manufacturing output rose 0.3 percent for its fifth consecutive monthly increase, while the indexes for mining and for utilities declined 0.3 percent and 0.5 percent, respectively. Hurricanes lowered the level of industrial production in both September and October, but their effects appear to be less than 0.1 percent per month. Industrial Production Mom in the United States averaged 0.28 percent from 1919 until 2018, reaching an all time high of 16.60 percent in May of 1933 and a record low of -10.40 percent in August of 1945.
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. Looking forward, we estimate Industrial Production Mom in the United States to stand at 0.20 in 12 months time. In the long-term, the United States Industrial Production MoM is projected to trend around 0.20 percent in 2020, according to our econometric models.