United States Industrial Production Mom

Last Release

Jan 31, 2025

Actual

0.5

Units In

Frequency

Monthly

Next Release

Mar 18, 2025

Time to Release

28 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
16.6 May 1933	-13.6 Apr 2020	0.26 %	1919-2025	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 increased by 0.5% in January 2025, surpassing market expectations of a 0.3% rise following an upwardly revised 1% rise in December. A key driver of this growth was a 0.2 percentage point contribution from the production of aircraft and parts, following the earlier resolution of a work stoppage at a major aircraft manufacturer. Also, output of utilities jumped 7.2 percent as the output for electric and natural gas utilities increased 6.1% and 15.4%, respectively. Manufacturing output, which accounts for 78% of total industrial production, went down by 0.1%, held down by a 5.2 percent decrease in the index for motor vehicles and parts. Meanwhile, mining output fell by 1.2%. Capacity utilization stepped up to 77.8%, a rate that is 1.8 percentage points below its long-run (1972–2024) average.