United States Industrial Production Mom

Last Release

Mar 31, 2024

Actual

0.4

Units In

0.4

Frequency

Monthly

Next Release

May 16, 2024

Time to Release

29 Days 3 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 rose by 0.4% from the previous month in March 2024, in line with expectations and following an upwardly revised 0.4% increase in February. Manufacturing output, which makes up 78% of total production, went up by 0.5%, driven by a 3.1% surge in motor vehicles and parts. Utilities also saw a 2% boost, with both electric and natural gas utilities on the rise. However, mining output dropped by 1.4%. Capacity utilization hit 78.4% in March, 1.2 percentage points lower than the long-run average. In Q1, industrial production fell by 1.8% annually, with factory and mining outputs down by 0.1% and 1.4% respectively.