Manufacturing production in the United States rose 2.7 percent year-on-year in October of 2018, following an upwardly revised 3.8 percent increase in September. On a monthly basis, factory output went up 0.3 percent, the same as in September, despite a sizable drop in motor vehicle assemblies; manufacturing production excluding motor vehicles and parts increased 0.5 percent. The output of durables advanced 0.5 percent, as the indexes for most of its component industries other than motor vehicles strengthened. Nondurables posted a gain of 0.2 percent, with mixed results among its industries. The output of other manufacturing (publishing and logging) fell 1.5 percent. 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.