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United States Industrial Production

Price

1.1 %
Change +/-
+1.045 %
Percentage Change
+180.82 %

The current value of the Industrial Production in United States is 1.1 %. The Industrial Production in United States increased to 1.1 % on 12/1/2023, after it was 0.055 % on 7/1/2023. From 6/1/1924 to 5/1/2024, the average GDP in United States was 3.39 %. The all-time high was reached on 7/1/1933 with 62 %, while the lowest value was recorded on 2/1/1946 with -33.7 %.

Source: Federal Reserve

Industrial Production

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Industrial production

Industrial Production History

DateValue
12/1/20231.1 %
7/1/20230.055 %
5/1/20230.143 %
4/1/20230.346 %
3/1/20230.177 %
2/1/20230.876 %
1/1/20231.51 %
12/1/20220.594 %
11/1/20221.851 %
10/1/20223.097 %
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5
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88

Similar Macro Indicators to Industrial Production

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 MoM
0.9 %0 %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 plays a critical role, comprising 78 percent of total production. Significant 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 represent 11 percent of production, while utilities contribute the remaining 11 percent.

What is Industrial Production?

At Eulerpool, we understand that macroeconomic indicators offer profound insights into the health and direction of an economy. One of the most pivotal categories within macroeconomics is 'Industrial Production.' This parameter serves as a barometer for economic activity, illustrating variations and trends in the output of major industrial sectors such as manufacturing, mining, and utilities. In this comprehensive overview, we delve into the essence, significance, and mechanics of industrial production, providing a detailed perspective that will be invaluable for economists, analysts, investors, and policymakers alike. Industrial production, at its core, measures the output of the industrial sector of the economy. This sector is a critical component, often acting as a backbone due to its substantial contribution to GDP, employment, and innovation. The three predominant sub-sectors encompassed within industrial production are manufacturing, mining, and utilities. Each of these plays a distinct role: manufacturing pertains to the processing of raw materials into finished goods, mining involves the extraction of valuable minerals and resources from the earth, and utilities encompass the provision of essential services such as electricity, water, and gas. The significance of monitoring industrial production cannot be overstated. As an indicator, it is instrumental in providing an understanding of the economic cycle's various phases, including expansion, peak, contraction, and trough. By observing the trends and fluctuations in industrial production, stakeholders can infer the level of business activity, consumer demand, and economic stress or vitality. For instance, an uptick in industrial production often correlates with increased consumer demand and business investment, indicative of a growing economy. Conversely, a decline might signal economic distress, potentially forecasting diminished consumer spending and business contraction. For economists and analysts, industrial production data serves as a rich, granular source of real-time information that reflects the immediate economic environment far more rapidly than GDP figures, which are released quarterly. Monthly industrial production indices provide timely updates that aid in constructing economic forecasts, developing monetary policies, and formulating business strategies. Accurate assessment of these indices can inform central banks about inflationary pressures or recession risks, prompting adjustments in interest rates and other monetary tools to steer the economy towards desired outcomes. Investors, too, rely heavily on industrial production data. Fluctuations in output levels can influence stock prices, particularly in sectors directly linked to manufacturing, mining, and utilities. For instance, robust industrial production growth often leads to higher corporate earnings, resulting in bullish stock markets. On the flip side, a slump can foreshadow lower profits, prompting bearish sentiments. Thus, timely and accurate industrial production data empower investors to make informed decisions, optimizing their portfolios in alignment with economic trajectories. When delving deeper into the mechanics of industrial production, it becomes clear that this indicator is a composite index calculated from various industrial metrics. In the United States, for example, the Federal Reserve Board’s monthly report on industrial production includes detailed data from the Census Bureau's Annual Survey of Manufactures, the Department of Energy, and other sources. This composite index is typically expressed as a percentage of industrial output in a base year, allowing for the measurement of growth or contraction over time. One must also consider the capacity utilization rate, which often accompanies industrial production data. This rate measures the extent to which industrial capacity is being used to produce goods. It indicates potential maximal output and highlights the difference between current production and full capacity. A high capacity utilization rate suggests that industries are nearing their production limits, potentially leading to bottlenecks and inflationary pressures. Conversely, a low rate indicates underutilized resources, suggesting room for expansion without incurring additional costs, which is crucial for planning and investment decisions. Moreover, key policy decisions are influenced by industrial production data. For instance, governments may craft fiscal policies to stimulate industrial growth by offering incentives such as tax breaks, subsidies, or grants for research and development. Such measures can enhance productivity, drive innovation, and foster economic resilience. Similarly, trade policies, including tariffs and import-export regulations, are often tailored based on the current state of industrial production to protect domestic industries and ensure sustainable economic growth. Understanding regional variations within industrial production is also essential. Different regions may experience disparate industrial dynamics due to factors such as resource availability, labor market conditions, and historical industrial bases. For example, regions abundant in natural resources might exhibit strong mining output, whereas others with robust infrastructure may excel in manufacturing. Utilities' production, however, tends to be more evenly distributed, as it is crucial for all regions. Analyzing these regional nuances can provide a more granular understanding of the national economy's overall health and potential growth areas. At Eulerpool, we are committed to providing up-to-the-minute, precise, and comprehensive industrial production data, enabling our users to stay ahead in an ever-evolving economic landscape. Our platform offers an intuitive interface, detailed datasets, and analytical tools designed to help you interpret industrial production metrics proficiently. Whether you are an economist deciphering macroeconomic trends, an investor navigating market fluctuations, or a policymaker strategizing economic interventions, our resources are tailored to meet your needs with accuracy and efficiency. In conclusion, industrial production stands as a cornerstone of macroeconomic analysis. Its impact on economic assessment, policy formulation, and investment decisions is profound and multifaceted. By offering a clear reflection of industrial activity levels, it equips stakeholders with the knowledge required to navigate economic cycles adeptly. At Eulerpool, we pride ourselves on being your trusted source for this crucial data, helping you make informed, strategic decisions in the complex world of macroeconomics.