United States Industrial Production Mom

Last Release

Dec 31, 2024

Actual

0.9

Units In

0.2

Frequency

Monthly

Next Release

Feb 14, 2025

Time to Release

26 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 surged by 0.9% in December 2024, marking the strongest increase since February and significantly surpassing market expectations of a 0.3% rise. A key driver of this growth was a 0.2 percentage point contribution from the production of aircraft and parts, following the resolution of a work stoppage at a major aircraft manufacturer. Manufacturing output, which accounts for 78% of total industrial production, grew by 0.6%, an improvement over November’s 0.2% increase and well above the forecasted 0.2% gain. Meanwhile, mining output rose sharply by 1.8%, and utility production expanded by 2.1%, reflecting broad-based growth across sectors. Capacity utilization also improved, climbing to 77.6%, though it remains 2.1 percentage points below its long-term average (1972–2023).