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.