US industrial output rose 0.6 percent from a month earlier in August 2019, following a revised 0.1 percent fall in July and easily beating market forecasts of a 0.2 percent growth. That was the largest gain in industrial output since August 2018, as manufacturing production increased 0.5 percent, more than reversing its decrease in July; and the indexes for utilities and mining moved up 0.6 percent and 1.4 percent, respectively. Industrial Production Mom in the United States averaged 0.27 percent from 1919 until 2019, 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 0.20 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 0.60 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.

United States Industrial Production MoM
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-14 01:15 PM Industrial Production MoM May 0.4% -0.4% 0.2% 0.2%
2019-07-16 01:15 PM Industrial Production MoM Jun 0% 0.4% 0.1% 0.4%
2019-08-15 01:15 PM Industrial Production MoM Jul -0.2% 0.2% 0.1% 0.1%
2019-09-17 01:15 PM Industrial Production MoM Aug 0.6% -0.1% 0.2% 0.3%
2019-10-17 01:15 PM Industrial Production MoM Sep 0.6% 0.2%
2019-11-15 02:15 PM Industrial Production MoM Oct -0.3%
2019-12-17 02:15 PM Industrial Production MoM Nov 0.4%



US Industrial Output Rebounds Firmly in August

US industrial output rose 0.6 percent from a month earlier in August 2019, following a revised 0.1 percent fall in July and easily beating market forecasts of a 0.2 percent growth. That was the largest gain in industrial output since August 2018.

Manufacturing output rose 0.5 percent in August, as the indexes for durables and for nondurables increased while the index for other manufacturing (publishing and logging) edged down. Production rose for most major categories within durable manufacturing (0.5 percent vs -0.2 percent). The largest gains were recorded by machinery (1.6 percent vs -1.7 percent), primary metal (1.3 percent vs 0.3 percent), and nonmetallic mineral products (1.1 percent vs -1.2 percent); the only sizable decline was recorded by motor vehicles and parts (1.0 percent vs 0.5 percent). The gain of 0.5 percent for nondurables reflected strength in plastics and rubber products (2.6 percent vs -2.7 percent) and in chemicals (1.1 percent vs -0.1 percent); the other major nondurable goods industries registered either declines or very small increases.

Mining output increased 1.4 percent in August after having fallen a similar amount in July; output in July had been suppressed by a cutback in oil extraction in the Gulf of Mexico due to Hurricane Barry. The output of utilities increased 0.6 percent, with gains in both electric (0.6 percent vs 4.2 percent) and natural gas utilities (0.5 percent vs 1.0 percent).

Capacity utilization for the industrial sector increased 0.4 percentage point in August to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972–2018) average. Capacity utilization for manufacturing increased 0.3 percentage point to 75.7 percent in August, a rate that is 2.6 percentage points below its long-run average. The operating rates for both durable and nondurable manufacturing increased 0.3 percentage point. The utilization rate for mining moved up to 90.5 percent, a bit lower than its average in the three months before Hurricane Barry but 3.4 percentage points higher than its long-run average. The rate for utilities increased 0.3 percentage point but remained well below its long-run average.


Federal Reserve | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/17/2019 2:52:24 PM



United States Business Last Previous Highest Lowest Unit
Business Confidence 49.10 51.20 77.50 29.40 Index Points [+]
Manufacturing PMI 50.30 50.40 57.90 50.30 [+]
Services PMI 50.70 53.00 61.00 49.30 Index Points [+]
Non Manufacturing PMI 56.40 53.70 62.00 37.80 [+]
Composite Pmi 50.70 52.60 61.00 50.00 Index Points [+]
Industrial Production 0.40 0.50 62.00 -33.70 percent [+]
Industrial Production Mom 0.60 -0.10 16.60 -10.40 percent [+]
Manufacturing Production -0.40 -0.50 67.90 -39.40 percent [+]
Capacity Utilization 77.88 77.52 89.39 66.69 percent [+]
Durable Goods Orders 2.10 1.80 23.20 -18.40 percent [+]
Durable Goods Orders Ex Defense 1.40 3.10 25.50 -19.20 percent [+]
Durable Goods Orders Ex Transportation -0.40 0.80 6.30 -10.20 percent [+]
Factory Orders Ex Transportation 0.30 -0.10 4.60 -7.00 percent [+]
New Orders 500278.00 493817.00 565232.00 223500.00 USD Million [+]
Factory Orders 1.40 0.50 10.40 -9.70 percent [+]
Business Inventories 0.40 0.00 1.30 -2.00 percent [+]
Changes in Inventories 69.03 116.00 173.21 -245.13 USD Billion [+]
Wholesale Inventories 0.20 -0.10 2.10 -2.00 percent [+]
Bankruptcies 22483.00 22157.00 82446.00 19695.00 Companies [+]
Corporate Profits 1882.97 1791.42 1882.97 14.67 USD Billion [+]
NFIB Business Optimism Index 103.10 104.70 108.80 80.10 Index Points [+]
NY Empire State Manufacturing Index 2.00 4.80 39.00 -34.40 Index Points [+]
Philadelphia Fed Manufacturing Index 16.80 21.80 58.50 -57.90 Index Points [+]
Richmond Fed Manufacturing Index 1.00 -12.00 27.00 -44.00 Index Points [+]
Ism New York Index 50.30 43.50 88.80 23.40 percent [+]
Chicago Fed National Activity Index -0.36 0.03 2.79 -5.28 [+]
Dallas Fed Manufacturing Index 2.70 -6.30 47.60 -59.90 Index Points [+]
Chicago Pmi 50.40 44.40 78.60 21.20 Index Points [+]
Car Production 2.67 2.62 9.92 1.29 Million Units [+]
Car Registrations 417.60 466.07 1149.00 331.50 Thousand [+]
Total Vehicle Sales 16.90 16.80 21.77 9.05 Million [+]
Crude Oil Stocks Change 1.06 -6.91 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change 78.00 84.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change 781.00 -682.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 128.31 128.29 128.31 46.91 Index Points [+]
Internet Speed 18747.58 17235.62 18747.58 3609.31 KBps [+]
IP Addresses 128949703.00 127873899.00 146874246.00 89399946.00 IP [+]
API Crude Oil Stock Change 0.59 -7.20 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 733.00 738.00 1609.00 98.00 [+]
Corruption Index 71.00 75.00 78.00 71.00 Points [+]
Corruption Rank 22.00 16.00 24.00 14.00 [+]
Competitiveness Index 85.64 84.84 85.64 5.42 Points [+]
Competitiveness Rank 1.00 1.00 7.00 1.00 [+]
Ease of Doing Business 8.00 6.00 8.00 4.00 [+]
Steel Production 7514.00 7276.00 11951.00 3799.00 Thousand Tonnes [+]
Kansas Fed Manufacturing Index -2.00 -6.00 37.00 -32.00 Index Points [+]
Mining Production 5.10 5.90 108.20 -28.80 percent [+]


United States Industrial Production MoM

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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 -0.10 16.60 -10.40 1919 - 2019 percent Monthly
Volume, SA




Country Last Previous
Argentina 3.00 Jul/19
Australia 1.20 Jun/19
Brazil -0.30 Jul/19
Canada -0.67 Jun/19
China 0.32 Aug/19
Euro Area -0.40 Jul/19
France 0.30 Jul/19
Germany -0.60 Jul/19
India 1.50 Jul/19
Indonesia 20.30 Jul/19
Italy -0.70 Jul/19
Japan 1.30 Jul/19
Mexico -0.40 Jul/19
Netherlands -0.60 Jun/19
Russia 2.50 Aug/19
Saudi Arabia -2.90 Dec/18
Singapore 3.60 Jul/19
South Africa 0.40 Jul/19
South Korea 2.60 Jul/19
Spain -0.40 Jul/19
Switzerland 1.10 Jun/19
Turkey 4.30 Jul/19
United Kingdom 0.10 Jul/19
United States 0.60 Aug/19


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