Manufacturing production decline 6 percent year-on-year in September of 2020, following a downwardly revised 6.3 percent drop in August and marking the 15th straight month of falling factory activity. On a monthly basis, manufacturing production decreased 0.3 percent and was 6.4 percent below February's level, before the coronavirus pandemic. Increases for primary metals, for fabricated metal products, and for aerospace and miscellaneous transportation equipment were more than outweighed by decreases elsewhere; most notably, computer and electronic products and motor vehicles and parts.
Manufacturing Production in the United States averaged 3.67 percent from 1920 until 2020, 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. This page provides the latest reported value for - United States Manufacturing Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Manufacturing Production in the United States is expected to be -1.50 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 1.90 in 12 months time. In the long-term, the United States Manufacturing Production is projected to trend around 0.70 percent in 2021, according to our econometric models.