Industrial production in the United States went down 0.1 percent from a month earlier in December of 2021, after an upwardly revised 0.7 percent increase in November and compared to market expectations of a 0.3 percent increase. Manufacturing production declined 0.3 percent and motor vehicles and parts stepped down 1.3 percent. Excluding the motor vehicle sector, factory output dipped 0.2 percent, with similarly sized decreases for durables and nondurables. Within durables, miscellaneous manufacturing recorded the largest decrease (2.7 percent), while wood products and nonmetallic mineral products posted the largest increases (1.2 percent and 1.5 percent, respectively). Within nondurables, chemicals posted the largest gain (0.7 percent), but most other sub categories recorded losses of between 1 and 2 percent. The output of other manufacturing (publishing and logging) decreased 0.8 percent. Meanwhile, utilities output shrank 1.5 percent, while mining output increased 2 percent. source: Federal Reserve
Industrial Production Mom in the United States averaged 0.26 percent from 1919 until 2021, 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 January of 2022.
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. 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.