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United States Industrial Production

This is a syndicated repost courtesy of Trading Economics. To view original, click here. Reposted with permission.

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source: tradingeconomics.com

Industrial Production in the United States decreased 5.30 percent in October of 2020 over the same month in the previous year. Industrial Production in the United States averaged 3.62 percent from 1920 until 2020, reaching an all time high of 62 percent in July of 1933 and a record low of -33.70 percent in February of 1946. 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. This page provides the latest reported value for – United States Industrial Production – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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