Manufacturing production in the United States rose 2 percent year-on-year in November of 2018, following a downwardly revised 2.2 percent rise in October. It is the lowest annual growth rate in five months. On a monthly basis, factory activity stalled, following a 0.2 percent gain in October as an increase of 0.2 percent for durable manufacturing was offset by decreases of 0.2 percent and 0.9 percent for nondurable manufacturing and other manufacturing (publishing and logging), respectively. Within durable manufacturing, primary metals posted a gain of nearly 2.5 percent; no other major industry group recorded a gain of more than 0.5 percent and several recorded losses. Among nondurables, most major categories posted declines. Manufacturing Production in the United States averaged 3.80 percent from 1920 until 2018, reaching an all time high of 67.90 percent in July of 1933 and a record low of -39.40 percent in February of 1946.
Manufacturing Production in the United States is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Production in the United States to stand at 2.31 in 12 months time. In the long-term, the United States Manufacturing Production is projected to trend around 1.90 percent in 2020, according to our econometric models.