Industrial Production in the United States decreased 0.23 percent in February of 2024 over the same month in the previous year. Industrial Production in the United States averaged 3.53 percent from 1920 until 2024, reaching an all time high of 62.00 percent in July of 1933 and a record low of -33.70 percent in February of 1946. source: Federal Reserve

Industrial Production in the United States is expected to be 0.60 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 is projected to trend around 2.00 percent in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-15 02:15 PM
Industrial Production YoY
Jan 0% 1.2% 1.2%
2024-03-15 01:15 PM
Industrial Production YoY
Feb -0.2% -0.3% 0.2%
2024-04-16 01:15 PM
Industrial Production YoY
Mar -0.2% 0.6%

Components Last Previous Unit Reference
Manufacturing Production YoY -0.65 -1.14 percent Feb 2024
Mining Production 1.43 -1.77 percent Feb 2024

Related Last Previous Unit Reference
Capacity Utilization 78.25 78.26 percent Feb 2024
Car Production 10.78 10.58 Million Units Feb 2024
Industrial Production YoY -0.23 -0.31 percent Feb 2024
Industrial Production MoM 0.10 -0.50 percent Feb 2024
Manufacturing Production MoM 0.80 -1.10 Percent Feb 2024

United States Industrial Production
In the United States, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 78 percent of total production. The biggest segments within Manufacturing are: Chemicals (12 percent of total production); food, drink and tobacco (11 percent); machinery (6 percent); fabricated metal products (6 percent); computer and electronic products (6 percent); and motor vehicles and parts (6 percent). Mining and quarrying account for 11 percent of production and utilities account for the remaining 11 percent.
Actual Previous Highest Lowest Dates Unit Frequency
-0.23 -0.31 62.00 -33.70 1920 - 2024 percent Monthly
2017=100, SA