Industrial production in the United States decreased 0.2% from a month earlier in June of 2022, missing market expectations of a 0.1% increase and after being unchanged in May. Manufacturing output declined 0.5% for a second consecutive month with decreases for durable and nondurable manufacturing of 0.3% and 0.8%, respectively. Within durable manufacturing, declines of more than 1% in primary metals, machinery, and motor vehicles and parts outweighed gains of more than 1% in miscellaneous manufacturing and in electrical equipment, appliances, and components. Within nondurable manufacturing, every group except for two posted a decline of at least 0.8%; apparel and leather recorded a gain of 2.5%, while chemicals registered a dip of 0.1%. At the same time, the index for mining advanced 1.7%, while the index for utilities fell 1.4%. Capacity utilization decreased 0.3 percentage point in June to 80.0 percent, a rate that is 0.4 percentage point above its long-run (1972–2021) average. source: Federal Reserve
Industrial Production Mom in the United States averaged 0.27 percent from 1919 until 2022, reaching an all time high of 16.60 percent in May of 1933 and a record low of -13.20 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 August of 2022.
Industrial Production Mom in the United States is expected to be 0.80 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 1.20 percent in 2023 and 0.20 percent in 2024, according to our econometric models.