Total industrial production in the United States rose 5.4 percent from a month earlier in June 2020 after increasing 1.4 percent in May, beating market expectations of a 4.3 percent growth. That was the largest increase in industrial production since December 1959, as many businesses resumed operations following coronavirus-related restrictions. Manufacturing output climbed 7.2 percent, but it was still 11.1 percent below its pre-pandemic February level, as motor vehicles and parts jumped 105.0 percent, while factory production elsewhere rose 3.9 percent. In addition, utilities output grew 4.2 percent, as both gas and electric utilities posted gains, while mining output fell 2.9 percent, with declines in nearly all categories. For the second quarter as a whole, industrial output fell 42.6 percent at an annual rate, its largest quarterly decrease since the industrial sector retrenched after World War II.
Industrial Production Mom in the United States averaged 0.26 percent from 1919 until 2020, reaching an all time high of 16.60 percent in May of 1933 and a record low of -12.70 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 2020.
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 0.30 percent in 2021 and 0.20 percent in 2022, according to our econometric models.