United States Industrial Production Mom

Last Release

Nov 30, 2024

Actual

-0.1

Units In

-0.4

Frequency

Monthly

Next Release

Jan 17, 2025

Time to Release

29 Days 14 Hours

Highest	Lowest	Average	Date Range	Source
16.6 May 1933	-13.6 Apr 2020	0.26 %	1919-2024	Federal Reserve

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.

Latest Updates

Industrial production in the United States fell by 0.1% from the previous month in November of 2024 to extend the 0.4% contraction in October, and contrasting with market expectations of a 0.2% rise. The result was consistent with other surveys that pointed to softness in US manufacturing, unveiling the sector’s struggle ahead of potential tariffs by President-elect Trump next year. Manufacturing output, which accounts for nearly 80% of industrial production, edged higher by 0.2% in the period from the revised 0.7% plunge in October. This was offset by a 0.9% drop for mining output and a 1.3% decline for utility output and distribution.