Industrial production in the United States was flat year-on-year in January of 2017, following an upwardly revised 0.7 percent increase in December. Utilities slumped 2.6 percent, offsetting a 0.3 percent gain in manufacturing and a 0.4 percent rise in mining. Industrial Production in the United States averaged 3.76 percent from 1920 until 2017, reaching an all time high of 62 percent in July of 1933 and a record low of -33.70 percent in February of 1946.
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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. United States Industrial Production – actual data, historical chart and calendar of releases – was last updated on February of 2017.