US industrial output rose 0.3 percent from a month earlier in December 2018, following a downwardly revised 0.4 percent growth in November and beating market expectations of a 0.2 percent gain. Manufacturing production increased by the most in 10 months and mining activity continued to rise while utilities output contracted sharply. 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 0.30 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 0.10 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
2018-10-16 01:15 PM Industrial Production MoM 0.3% 0.4% 0.2% 0.3%
2018-11-16 02:15 PM Industrial Production MoM 0.1% 0.2% 0.2% 0.4%
2018-12-14 02:15 PM Industrial Production MoM 0.6% -0.2% 0.3% 0.2%
2019-01-18 02:15 PM Industrial Production MoM 0.3% 0.4% 0.2% 0.4%
2019-02-15 02:15 PM Industrial Production MoM 0.3% 0.2%
2019-03-15 01:15 PM Industrial Production MoM
2019-04-16 01:15 PM Industrial Production MoM 0.3%



US Industrial Production Rises More than Expected

US industrial output rose 0.3 percent from a month earlier in December 2018, following a downwardly revised 0.4 percent growth in November and beating market expectations of a 0.2 percent gain. Manufacturing production increased by the most in 10 months and mining activity continued to rise while utilities output contracted sharply.

Manufacturing production advanced 1.1 percent in December, the biggest gain since February, following a meager 0.1 percent rise in November. Within durable manufacturing, motor vehicles and parts posted the largest gain (4.7 percent vs 0.2 percent in November), followed by nonmetallic mineral products (2.8 percent vs -0.9 percent), wood products (1.8 percent vs -0.3 percent), aerospace and miscellaneous transportation equipment (1.7 percent vs 1.2 percent) and computer and electronic products (1.3 percent vs 0.4 percent). Among nondurables, the index for petroleum and coal products jumped 3.5 percent, reversing a 2.4 percent decline in the previous month. The output of other manufacturing (publishing and logging) increased 0.2 percent.

Mining output rose 1.5 percent in December (vs 1.1 percent in November), with gains in oil and gas extraction, coal mining, and support activities for mining (mainly oil and gas well drilling).

By contrast, the output of utilities fell 6.3 percent in December (vs 1.3 percent in November), with both electric and gas utilities posting sharp declines, as warmer-than-usual temperatures lowered the demand for heating.

Capacity utilization for the industrial sector rose 0.1 percentage point in December to 78.7 percent, a rate that is 1.1 percentage points below its long-run (1972–2017) average. Capacity utilization for manufacturing jumped 0.7 percentage point in December to 76.5 percent, about 2 percentage points below its long-run average. The utilization rate for mining increased to 94.8 percent and remained well above its long-run average of 87.0 percent. The operating rate for utilities fell to 75.0 percent, a rate that is about 10 percentage points below its long-run average.


Federal Reserve | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/18/2019 2:37:53 PM



United States Business Last Previous Highest Lowest Unit
Business Confidence 54.10 59.30 77.50 29.40 Index Points [+]
Manufacturing PMI 53.80 55.30 57.90 50.70 [+]
Services PMI 54.40 54.70 61.00 49.30 Index Points [+]
Non Manufacturing PMI 57.60 60.70 62.00 37.60 [+]
Composite Pmi 54.40 54.70 61.00 50.00 Index Points [+]
Industrial Production 4.00 4.10 62.00 -33.70 percent [+]
Industrial Production Mom 0.30 0.40 16.60 -10.40 percent [+]
Manufacturing Production 3.20 2.10 67.90 -39.40 percent [+]
Capacity Utilization 78.73 78.60 89.39 66.71 percent [+]
Durable Goods Orders 0.80 -4.30 23.50 -19.00 percent [+]
Durable Goods Orders Ex Defense -0.10 -1.40 26.00 -19.70 percent [+]
Durable Goods Orders Ex Transportation -0.30 0.40 7.50 -6.80 percent [+]
Factory Orders Ex Transportation 0.30 0.10 4.60 -7.20 percent [+]
New Orders 502677.00 515334.00 565232.00 223500.00 USD Million [+]
Factory Orders -2.10 0.20 10.60 -10.00 percent [+]
Business Inventories 0.60 0.50 1.30 -2.00 percent [+]
Changes in Inventories 89.77 -36.81 166.37 -245.13 USD Billion [+]
Wholesale Inventories 0.80 0.70 2.10 -2.00 percent [+]
Bankruptcies 22103.00 22245.00 82446.00 19695.00 Companies [+]
Corporate Profits 2076.82 2007.53 2076.82 14.70 USD Billion [+]
NFIB Business Optimism Index 104.40 104.80 108.80 80.10 Index Points [+]
Ism New York Index 65.40 67.80 88.80 23.40 percent [+]
Philadelphia Fed Manufacturing Index 17.00 9.10 58.50 -57.90 Index Points [+]
NY Empire State Manufacturing Index 3.90 11.50 39.00 -34.40 Index Points [+]
Richmond Fed Manufacturing Index -8.00 14.00 29.00 -44.00 Index Points [+]
Chicago Fed National Activity Index 0.22 0.00 2.77 -5.22 [+]
Dallas Fed Manufacturing Index -5.10 17.60 47.10 -60.10 Index Points [+]
Chicago Pmi 65.40 66.40 81.00 20.70 Index Points [+]
Car Production 2.71 2.64 9.92 1.29 Million Units [+]
Car Registrations 431.72 436.69 1149.00 331.50 Thousand [+]
Total Vehicle Sales 17.55 17.49 21.77 9.05 Million [+]
Crude Oil Stocks Change -2.68 -1.68 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change -81.00 -91.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change 7503.00 8066.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 124.80 124.54 124.80 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 -0.56 -6.27 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 852.00 873.00 1609.00 98.00 [+]
Corruption Index 75.00 74.00 78.00 71.00 Points [+]
Corruption Rank 16.00 18.00 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 7425.00 7571.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production 13.40 12.90 108.20 -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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.40 16.60 -10.40 1919 - 2018 percent Monthly
Volume, SA




Country Last Previous
Argentina 0.60 Oct/15
Australia -0.80 Sep/18
Brazil 0.10 Nov/18
Canada 0.14 Aug/18
China 0.36 Nov/18
Euro Area -1.70 Nov/18
France -1.30 Nov/18
Germany -1.90 Nov/18
India -4.80 Nov/18
Indonesia 0.00 Oct/18
Italy -1.60 Nov/18
Japan -1.00 Nov/18
Mexico -0.60 Nov/18
Netherlands 0.00 Nov/18
Russia -0.20 Nov/18
Saudi Arabia 4.17 Jun/18
Singapore 2.80 Nov/18
South Africa 0.70 Nov/18
South Korea -1.70 Nov/18
Spain -1.50 Nov/18
Turkey -0.30 Nov/18
United Kingdom -0.40 Nov/18
United States 0.30 Dec/18


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