Industrial production in the United States rose 0.2% from a month earlier in May of 2022, following an upwardly revised 1.4% growth in April and half market expectations of a 0.4% advance. It is the weakest gain in industrial activity so far this year, mainly due to a 0.1% fall in manufacturing, namely wood products (-2.6%) and machinery. On the other hand, the mining sector jumped 1.3% and the utility output rose 1% as unseasonably warm weather in May boosted demand for air conditioning. The output of electric utilities gained 1.9% while the output of natural gas utilities stepped back 4.5%. source: Federal Reserve
Industrial Production Mom in the United States averaged 0.27 percent from 1919 until 2022, reaching an all time high of 16.60 percent in May of 1933 and a record low of -13.60 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 June of 2022.
Industrial Production Mom in the United States is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Industrial Production MoM is projected to trend around 1.20 percent in 2023 and 0.20 percent in 2024, according to our econometric models.