United States Industrial Production Mom

Last Release

Jun 30, 2024

Actual

0.6

Units In

0.9

Frequency

Monthly

Next Release

Aug 15, 2024

Time to Release

27 Days 23 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 0.6 percent from a month earlier in June 2024, more than market expectations of a 0.3 percent increase. Manufacturing output, which makes up 78% of total production, advanced 0.4 percent, compared with market forecast of a 0.2 percent increase. Also, mining output went up 0.3 percent and the output of utilities increased 2.8 percent. Capacity utilization moved up to 78.8 percent in June, a rate that is 0.9 percentage point below its long-run (1972–2023) average. For the second quarter as a whole, industrial production increased at an annual rate of 4.3 percent and manufacturing output rose 3.4 percent.