Industrial production in the US increased by 0.1% from the previous month in February 2024, following a downwardly revised 0.5% fall in January. It compared with market expectations of no growth and marked a rebound from two consecutive months of decline. Manufacturing output, which makes up 78% of total production, saw a strong increase of 0.8%, recovering from a downwardly revised 1.1% drop in January and exceeding forecasts of 0.3%; and mining output also saw a significant improvement of 2.2%, partially due to recovery from weather-related setbacks in January. However, utility output decreased by 7.5% due to warmer temperatures. Capacity utilization for the industrial sector remained at 78.3% in February, 1.3 percentage points below the long-term average of 78.5%. Year-on-year, industrial production edged 0.2% lower in February, following a revised 0.3% fall in January. source: Federal Reserve

Industrial Production in the United States increased 0.10 percent in February of 2024 over the previous month. Industrial Production Mom in the United States averaged 0.26 percent from 1919 until 2024, reaching an all time high of 16.60 percent in May of 1933 and a record low of -13.40 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 March of 2024.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-15 02:15 PM
Industrial Production MoM
Jan -0.1% 0% 0.3% 0.5%
2024-03-15 01:15 PM
Industrial Production MoM
Feb 0.1% -0.5% 0% -0.1%
2024-04-16 01:15 PM
Industrial Production MoM
Mar 0.1% 0.2%


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 YoY -0.65 -1.14 percent Feb 2024
Manufacturing Production MoM 0.80 -1.10 Percent Feb 2024
Mining Production 1.43 -1.77 percent Feb 2024

United States Industrial Production MoM
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
0.10 -0.50 16.60 -13.40 1919 - 2024 percent Monthly
Volume, SA

News Stream
US Industrial Output Sees Surprise Rebound
Industrial production in the US increased by 0.1% from the previous month in February 2024, following a downwardly revised 0.5% fall in January. It compared with market expectations of no growth and marked a rebound from two consecutive months of decline. Manufacturing output, which makes up 78% of total production, saw a strong increase of 0.8%, recovering from a downwardly revised 1.1% drop in January and exceeding forecasts of 0.3%; and mining output also saw a significant improvement of 2.2%, partially due to recovery from weather-related setbacks in January. However, utility output decreased by 7.5% due to warmer temperatures. Capacity utilization for the industrial sector remained at 78.3% in February, 1.3 percentage points below the long-term average of 78.5%. Year-on-year, industrial production edged 0.2% lower in February, following a revised 0.3% fall in January.
2024-03-15
US Industrial Production Unexpectedly Falls
Industrial production in the US edged down 0.1 percent from the previous month in January 2024, missing market expectations of a 0.3 percent growth after recording no change in December. Manufacturing output, which accounts for 78% of total production, fell by 0.5 percent, compared with forecasts of a flat reading and mining output dropped by 2.3 percent due to winter weather. On the other hand, output from utilities soared by 6 percent as demand for heating surged following a move from unusually mild temperatures in December to unusually cold temperatures in January. Capacity utilization for the industrial sector moved down 0.2 percentage point in January to 78.5 percent, a rate that is 1.1 percentage points below its long-run (1972–2023) average.
2024-02-15
US Industrial Production Unexpectedly Rises
Industrial production in the US increased by 0.1% from the previous month in December of 2023, beating market expectations of no growth. Manufacturing output, which accounts for 78% of total production, rose by 0.1%, also beating market expectations of a flat reading. Additionally, mining output advanced by 0.9%, while output from utilities fell by 1%. Capacity utilization was unchanged in December at 78.6 percent, a rate that is 1.1 percentage points below its long-run (1972–2022) average. Industrial production declined by 3.1% at an annual rate in Q4, and manufacturing output declined by 2.2%.
2024-01-17