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United States Industrial Production Month-over-Month (MoM)

Price

0.8 %
Change +/-
+0.4 %
Percentage Change
+66.67 %

The current value of the Industrial Production Month-over-Month (MoM) in United States is 0.8 %. The Industrial Production Month-over-Month (MoM) in United States increased to 0.8 % on 2/1/2024, after it was 0.4 % on 11/1/2023. From 6/1/1924 to 5/1/2024, the average GDP in United States was 0.26 %. The all-time high was reached on 5/1/1933 with 16.6 %, while the lowest value was recorded on 4/1/2020 with -13.4 %.

Source: Federal Reserve

Industrial Production Month-over-Month (MoM)

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Industrial Production MoM

Industrial Production Month-over-Month (MoM) History

DateValue
2/1/20240.8 %
11/1/20230.4 %
9/1/20230.2 %
8/1/20230.1 %
7/1/20230.9 %
4/1/20230.5 %
3/1/20230.1 %
1/1/20231 %
9/1/20220.3 %
8/1/20220.1 %
1
2
3
4
5
...
72

Similar Macro Indicators to Industrial Production Month-over-Month (MoM)

NameCurrentPreviousFrequency
🇺🇸
Automobile production
11.18 M Units11.73 M UnitsMonthly
🇺🇸
Bankruptcies
20,316 Companies18,926 CompaniesQuarter
🇺🇸
Business Climate
48.5 points48.7 pointsMonthly
🇺🇸
Business Inventories
0.5 %0.3 %Monthly
🇺🇸
Capacity Utilization
78.7 %78.2 %Monthly
🇺🇸
CFNAI Employment Index
0 points-0.05 pointsMonthly
🇺🇸
CFNAI Index for Personal Consumption and Housing
-0.02 points-0.02 pointsMonthly
🇺🇸
CFNAI Production Index
-0.28 %-0.02 %Monthly
🇺🇸
CFNAI Sales, Order, and Inventory Index
-0.02 %-0.01 %Monthly
🇺🇸
Changes in Inventory Levels
71.7 B USD17.7 B USDQuarter
🇺🇸
Chicago Fed National Activity Index
0.18 points-0.26 pointsMonthly
🇺🇸
Chicago PMI
46.1 points45.3 pointsMonthly
🇺🇸
Composite Leading Indicator
99.969 points99.991 pointsMonthly
🇺🇸
Composite PMI
54.4 points54.6 pointsMonthly
🇺🇸
Consistency Index
143.15 points142.9 pointsMonthly
🇺🇸
Corn Grain Reserves
4.993 B Bushels8.347 B BushelsQuarter
🇺🇸
Corporate profits
2.727 T USD2.803 T USDQuarter
🇺🇸
Dallas Fed Manufacturing Delivery Index
2.8 points-3 pointsMonthly
🇺🇸
Dallas Fed Manufacturing Employment Index
-2.9 points-5.3 pointsMonthly
🇺🇸
Dallas Fed Manufacturing Index
-15.1 points-19.4 pointsMonthly
🇺🇸
Dallas Fed Manufacturing Prices Paid Index
21.5 points20.4 pointsMonthly
🇺🇸
Dallas Fed Manufacturing Production Index
0.7 points-2.8 pointsMonthly
🇺🇸
Dallas Fed New Order Index
-1.3 points-2.2 pointsMonthly
🇺🇸
Dallas Fed Service Sector Revenue Index
7.7 points1.9 pointsMonthly
🇺🇸
Dallas Fed Services Index
-4.1 points-12.1 pointsMonthly
🇺🇸
Durable Goods Orders
0 %9.8 %Monthly
🇺🇸
Durable Goods Orders Excluding Defense
-0.2 %-0.5 %Monthly
🇺🇸
Durable Goods Orders Excluding Transportation
0.5 %-0.1 %Monthly
🇺🇸
Factory Orders
5 %-3.3 %Monthly
🇺🇸
Factory Orders Excluding Transportation
0.7 %0.4 %Monthly
🇺🇸
Grain Reserves Wheat
702 M Bushels1.087 B BushelsQuarter
🇺🇸
Industrial production
0.4 %-0.7 %Monthly
🇺🇸
ISM Manufacturing Backlog
43.6 points41.7 pointsMonthly
🇺🇸
ISM Manufacturing Deliveries
52.6 points49.8 pointsMonthly
🇺🇸
ISM Manufacturing Employment
49.3 points51.1 pointsMonthly
🇺🇸
ISM Manufacturing Inventory Levels
50.3 points44.5 pointsMonthly
🇺🇸
ISM Manufacturing Prices
52.1 points57 pointsMonthly
🇺🇸
ISM Manufacturing Production
45.9 points48.5 pointsMonthly
🇺🇸
ISM New Orders Manufacturing
49.3 points45.4 pointsMonthly
🇺🇸
ISM New Orders Non-Manufacturing
54.1 points52.2 pointsMonthly
🇺🇸
ISM Non-Manufacturing Business Activity
53.3 points54.5 pointsMonthly
🇺🇸
ISM Non-Manufacturing Employment
47.1 points45.9 pointsMonthly
🇺🇸
ISM Non-Manufacturing Prices
58.1 points59.2 pointsMonthly
🇺🇸
Kansas Fed Composite Index
-8 points-2 pointsMonthly
🇺🇸
Kansas Fed Employment Index
-7 points-12 pointsMonthly
🇺🇸
Kansas Fed Manufacturing Index
-11 points-1 pointsMonthly
🇺🇸
Kansas Fed Manufacturing Index
-13 points-6 pointsMonthly
🇺🇸
Kansas Fed Manufacturing Index
-1 points-18 pointsMonthly
🇺🇸
Kansas Fed Paid Prices Index
19 points18 pointsMonthly
🇺🇸
Leading Indicator
101.2 points101.7 pointsMonthly
🇺🇸
LMI Logistics Manager Index Future
66.1 points65.5 pointsMonthly
🇺🇸
LMI Storage Costs
63.6 points65.2 pointsMonthly
🇺🇸
LMI Transport Prices
61 points57.8 pointsMonthly
🇺🇸
LMI Warehouse Prices
64.5 points64.9 pointsMonthly
🇺🇸
LMI-Logistics Manager Index
56.5 points55.3 pointsMonthly
🇺🇸
Manufacturing PMI
51.6 points51.3 pointsMonthly
🇺🇸
Manufacturing Production
0.2 %-0.7 %Monthly
🇺🇸
Manufacturing Production MoM
0.9 %-0.4 %Monthly
🇺🇸
Mining Production
0.1 %-1.1 %Monthly
🇺🇸
New Orders
592.14 B USD563.972 B USDMonthly
🇺🇸
NFIB Business Optimism Index
90.5 points89.7 pointsMonthly
🇺🇸
NY Empire State Employment Index
-8.7 points-6.4 pointsMonthly
🇺🇸
NY Empire State Manufacturing Index
-6 points-15.6 pointsMonthly
🇺🇸
NY Empire State Manufacturing Index
-1 points-16.5 pointsMonthly
🇺🇸
NY Empire State Manufacturing Index
3.3 points-1.2 pointsMonthly
🇺🇸
NY Empire State Prices Paid Index
23.2 points23.4 pointsMonthly
🇺🇸
Orders for Capital Goods Excluding Defense and Aircraft
1 %-0.9 %Monthly
🇺🇸
Philadelphia Fed Manufacturing Index
1.3 points4.5 pointsMonthly
🇺🇸
Philly Fed Business Climate
15.8 points15.4 pointsMonthly
🇺🇸
Philly Fed CAPEX Index
12.1 points20.1 pointsMonthly
🇺🇸
Philly Fed Employment
-2.5 points-7.9 pointsMonthly
🇺🇸
Philly Fed New Orders
-2.2 points-7.9 pointsMonthly
🇺🇸
Philly Fed Prices Paid
22.5 points18.7 pointsMonthly
🇺🇸
PMI Non-Manufacturing Sector
53.8 points49.4 pointsMonthly
🇺🇸
Retail Inventory Excluding Autos
0.4 %0.5 %Monthly
🇺🇸
Richmond Fed Manufacturing Index
-10 points0 pointsMonthly
🇺🇸
Richmond Fed Manufacturing Shipments
-9 points13 pointsMonthly
🇺🇸
Richmond Fed Services Index
-1 points-11 pointsMonthly
🇺🇸
Services PMI
55.1 points54.8 pointsMonthly
🇺🇸
Soybean Grain Reserves
969 M Bushels1.845 B BushelsQuarter
🇺🇸
Steel production
7 M Tonnes6.9 M TonnesMonthly
🇺🇸
Total Vehicle Sales
15.13 M 15.82 M Monthly
🇺🇸
Vehicle Registrations
279,800 261,300 Monthly
🇺🇸
Wholesale Inventory Levels
0.6 %0.2 %Monthly

In the United States, industrial production quantifies the output of businesses within the industrial sector of the economy. Manufacturing represents the most significant sector, contributing 78 percent to total production. The largest segments within manufacturing include: 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 comprise 11 percent of production, while utilities account for the remaining 11 percent.

What is Industrial Production Month-over-Month (MoM)?

Industrial Production MoM (Month-over-Month) is a pivotal economic indicator that measures the change in the output of the industrial sector over a given month compared to the previous month. This sector comprises manufacturing, mining, and utilities, serving as a crucial component of any economy. At Eulerpool, we recognize the necessity of reliable and detailed macroeconomic data for informed decision-making. Thus, our platform provides exhaustive and precise insights into the Industrial Production MoM, empowering professionals, investors, analysts, and policymakers to make well-grounded economic assessments. Understanding the significance of Industrial Production MoM begins with recognizing its role as an early indicator of economic health and momentum. This data point not only reflects the immediate state of industrial productivity but also offers predictive insights into future economic conditions. A rise in industrial production suggests increased activity and expansion in the industrial sector, which can lead to job creation, higher wages, and greater consumer spending. Conversely, a decline may indicate potential slowdowns, reduced investment in industrial infrastructure, and possible recessions. Therefore, frequent monitoring of this indicator is essential for anticipating economic trends and crafting responsive economic policies. In the intricate fabric of economic indicators, Industrial Production MoM data holds a unique place due to its granularity and promptness. Unlike GDP, which is typically reported on a quarterly basis and can be subject to significant revisions, Industrial Production MoM data is available monthly, providing timely snapshots of economic activity. This frequency allows stakeholders to observe short-term economic fluctuations and adjust their strategies accordingly. By offering month-over-month comparisons, this metric helps to smooth out seasonal variations, affording a clearer picture of underlying industrial trends. For investors, Industrial Production MoM is a valuable tool for assessing the performance and potential growth of various industries. Investing heavily relies on understanding which sectors are expanding and which are contracting. The manufacturing component, in particular, is closely watched as it often corresponds with consumer demand and business investment trends. A surge in industrial production might indicate robust consumer demand and a healthy business environment. For instance, an increase in the production of durable goods such as machinery and vehicles often signals business confidence in future economic conditions. Therefore, tracking Industrial Production MoM can aid investors in making sector-specific investment decisions and in timing their market entries and exits more effectively. For policymakers, Industrial Production MoM provides critical input for economic strategy formulation. National governments and central banks use this data to gauge the effectiveness of monetary and fiscal policies. For instance, a consistent decline in industrial production might prompt a central bank to lower interest rates to stimulate economic activity. Moreover, it can drive policy measures aimed at sectoral support such as subsidies, tax reliefs, and investment incentives for the industrial sector. Additionally, Industrial Production MoM figures can also inform trade policies. For economies heavily reliant on industrial exports, understanding production trends can help in negotiating trade agreements and tariffs. Academically, Industrial Production MoM serves as an essential variable in various economic models and forecasts. Economists and researchers utilize this data to dissect the intricacies of industrial cycles and their impacts on overall economic health. By integrating these figures into econometric models, it becomes possible to study the elasticity of industrial production to policy changes, external shocks, and other macroeconomic variables. This analysis can yield insights into the resilience of the industrial sector and its capacity to drive economic recovery under different scenarios. The comprehensive presentation of Industrial Production MoM data on Eulerpool underscores our commitment to delivering unparalleled macroeconomic intelligence. Our platform not only offers raw data but also enriches it with analytical tools such as trend analysis, seasonally adjusted figures, and comparative studies across different economies. Users can access historical data to understand long-term trends and utilize our forecasting features to anticipate future movements. We ensure data accuracy and timeliness, making it a dependable resource for all economic stakeholders. In a globalized economy, the state of industrial production in one country can have ripple effects across the world. Supply chain intricacies mean that a drop in industrial production in a major manufacturing hub can impact production schedules, inventory levels, and shipping times worldwide. Companies with global operations or supply chains need to stay abreast of industrial production trends to manage risks and optimize their logistics strategies. For instance, a company sourcing components from multiple countries can use this data to identify potential disruptions and plan alternative sourcing strategies. On the micro level, business managers and corporate strategists can leverage Industrial Production MoM data to make tangible operational decisions. For manufacturing firms, this data can inform production planning, inventory management, and workforce allocation. By aligning production schedules with industrial trends, firms can optimize their operations, reduce bottlenecks, and minimize costs. Moreover, Industrial Production MoM is integral to the activities of financial analysts and portfolio managers. The data helps them refine their financial models, updating earnings forecasts, and evaluating the risk profiles of their portfolios. As industrial production has a broad-based impact on corporate revenues and profits, maintaining an updated understanding of its short-term movements allows for better predictions of quarterly earnings results and overall market performance. Finally, the accessibility and presentation of Industrial Production MoM data on Eulerpool ensure that all our users, regardless of their technical expertise, can derive meaningful insights. Our user-friendly interface and intuitive design facilitate seamless navigation through complex datasets. We prioritize user experience, ensuring that even the less-experienced can interpret and utilize the wealth of information available. In conclusion, the Industrial Production MoM serves as an indispensable tool in the toolkit of anyone engaged in macroeconomic analysis, investment strategy, policymaking, or business operations. At Eulerpool, we strive to be the premier source of this critical data, offering robust, comprehensive, and accessible insights for all users. By staying informed through our platform, professionals can better navigate the economic landscape, anticipating changes and capitalizing on opportunities with confidence.