United States Industrial Production Mom

Last Release

Oct 31, 2024

Actual

-0.3

Units In

-0.5

Frequency

Monthly

Next Release

Dec 17, 2024

Time to Release

30 Days 13 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 US fell by 0.3% in October 2024, matching forecasts, after an upwardly revised 0.5% drop in September. A major aircraft producer's strike impacted output, cutting growth by 0.3 points in September and 0.2 points in October. Additionally, Hurricane Milton and lingering effects from Hurricane Helene reduced October’s growth by 0.1 points. Manufacturing output, which makes up 78% of total production, declined by 0.5% after a 0.3% drop the previous month. On the other hand, mining output rose by 0.3%, and utility production increased by 0.7%. Capacity utilization fell to 77.1%, which is 2.6 points below its long-term average.