Industrial Production (MoM)

The Industrial Production released by the Board of Governors of the Federal Reserve shows the volume of production of US industries such as factories and manufacturing. Up trend is regarded as inflationary which may anticipate interest rates to rise. If High industrial production growth comes out, this may generate a positive sentiment (or bullish) for the USD.

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Most recent - Thursday 16 November 2023 14:15

0.3%

Revised

0.1%

Forecast

-0.3%

Actual

-0.6%

Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.

Next event - Friday 15 December 2023 14:15

-0.6%

Forecast

Actual

The typical/expected impact on USD pairs is medium.

There is no forecast value for Industrial Production (MoM) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Industrial Production (MoM) was -0.6% against a forecast of -0.3%.

Past events

Date

Forecast

Actual

Thursday 16 November 2023 14:15

-0.3%

-0.6%

Tuesday 17 October 2023 13:15

0.3%

Friday 15 September 2023 13:15

0.1%

0.4%

Wednesday 16 August 2023 13:15

0.3%

Tuesday 18 July 2023 13:15

-0.5%

Thursday 15 June 2023 13:15

0.1%

-0.2%

Tuesday 16 May 2023 13:15

0.5%

Friday 14 April 2023 13:15

0.2%

0.4%

Friday 17 March 2023 13:15

0.2%

Wednesday 15 February 2023 14:15

0.5%

Wednesday 18 January 2023 14:15

-0.1%

-0.7%

Thursday 15 December 2022 14:15

0.1%

-0.2%

Wednesday 16 November 2022 14:15

0.2%

-0.1%

Tuesday 18 October 2022 13:15

0.1%

0.4%

Thursday 15 September 2022 13:15

0.1%

-0.2%

Tuesday 16 August 2022 13:15

0.3%

0.6%

Friday 15 July 2022 13:15

0.1%

-0.2%

Friday 17 June 2022 13:15

0.4%

0.2%

Tuesday 17 May 2022 13:15

0.5%

1.1%

Friday 15 April 2022 13:15

0.4%

0.9%

Thursday 17 March 2022 13:15

0.5%

Wednesday 16 February 2022 14:15

0.4%

1.4%

Friday 14 January 2022 14:15

0.4%

-0.1%

Thursday 16 December 2021 14:15

0.7%

0.5%

Tuesday 16 November 2021 14:15

0.7%

1.6%

Monday 18 October 2021 13:15

0.2%

-1.3%

Wednesday 15 September 2021 13:15

0.5%

0.4%

Tuesday 17 August 2021 13:15

0.4%

0.9%

Thursday 15 July 2021 13:15

0.7%

0.4%

Tuesday 15 June 2021 13:15

0.6%

0.8%

Friday 14 May 2021 13:15

0.7%

Thursday 15 April 2021 13:15

2.8%

1.4%

Tuesday 16 March 2021 13:15

0.6%

-2.2%

Wednesday 17 February 2021 14:15

0.5%

0.9%

Friday 15 January 2021 14:15

0.4%

1.6%

Tuesday 15 December 2020 14:15

0.3%

0.4%

Economic context

Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next Industrial Production (MoM) result:

		Previous	Latest
ISM Manufacturing Employment Index	Bearish change	46.8	45.8
ISM Manufacturing New Orders Index	Bullish change	45.5	48.3
ISM Manufacturing PMI	(no change)	46.7	46.7
ISM Manufacturing Prices Paid	Bullish change	45.1	49.9
Pending Home Sales (MoM)	Bearish change	1%	-1.5%
Chicago Purchasing Managers' Index	Bullish change	44	55.8
Core Personal Consumption Expenditures - Price Index (MoM)	Bearish change	0.3%	0.2%
Core Personal Consumption Expenditures - Price Index (YoY)	Bearish change	3.7%	3.5%
Initial Jobless Claims	Bearish change	211K	218K
Personal Consumption Expenditures - Price Index (MoM)	Bearish change	0.4%	0%
Personal Consumption Expenditures - Price Index (YoY)	Bearish change	3.4%	3%
Personal Income (MoM)	Bearish change	0.4%	0.2%
Personal Spending	Bearish change	0.7%	0.2%
Core Personal Consumption Expenditures (QoQ)	Bearish change	2.4%	2.3%
Gross Domestic Product Annualized	Bullish change	4.9%	5.2%
Gross Domestic Product Price Index	(no change)	3.5%	3.5%
Personal Consumption Expenditures Prices (QoQ)	Bearish change	2.9%	2.8%
Housing Price Index (MoM)	(no change)	0.6%	0.6%
New Home Sales Change (MoM)	Bearish change	8.6%	-5.6%
S&P Global Composite PMI	(no change)	50.7	50.7
S&P Global Manufacturing PMI	Bearish change	50	49.4
S&P Global Services PMI	Bullish change	50.6	50.8
Michigan Consumer Sentiment Index	Bullish change	60.4	61.3
UoM 5-year Consumer Inflation Expectation	(no change)	3.2%	3.2%
Durable Goods Orders	Bearish change	4.6%	-5.4%
Durable Goods Orders ex Defense	Bearish change	5.7%	-6.7%
Durable Goods Orders ex Transportation	Bearish change	0.4%	0%
Initial Jobless Claims	Bullish change	233K	209K
Nondefense Capital Goods Orders ex Aircraft	Bearish change	0.5%	-0.1%
Existing Home Sales Change (MoM)	Bearish change	-2.2%	-4.1%

About Industrial Production (MoM)

Country:	United States
Currency:	USD
Source:	Federal Reserve
Category:	Economic Activity
Frequency:	Monthly

Related events

	Australia		Gross Domestic Product (QoQ)
	Canada		Gross Domestic Product Annualized
	Switzerland		Gross Domestic Product s.a. (QoQ)
	China		Non-Manufacturing PMI
	China		Gross Domestic Product (YoY)
	China		Gross Domestic Product (QoQ)
	China		NBS Manufacturing PMI
	Germany		S&P Global/BME Manufacturing PMI
	Germany		Gross Domestic Product (QoQ)
	Eurozone		Gross Domestic Product s.a. (YoY)
	Eurozone		Gross Domestic Product s.a. (QoQ)
	Japan		Gross Domestic Product (QoQ)
	Japan		Tankan Large Manufacturing Index
	New Zealand		Gross Domestic Product (YoY)
	New Zealand		Gross Domestic Product (QoQ)
	United Kingdom		Gross Domestic Product (QoQ)
	United States		ISM Manufacturing PMI
	United States		Gross Domestic Product Annualized
	United States		Nondefense Capital Goods Orders ex Aircraft
	United States		ISM Services PMI
	United States		Durable Goods Orders
	Australia		S&P Global Manufacturing PMI
	Australia		National Australia Bank's Business Confidence (QoQ)
	Australia		S&P Global Services PMI
	Australia		AiG Industry Index
	Australia		Gross Domestic Product (YoY)
	Canada		Bank of Canada Business Outlook Survey
	Canada		Gross Domestic Product (MoM)
	Canada		Ivey Purchasing Managers Index
	Canada		Ivey Purchasing Managers Index s.a
	Canada		Gross Domestic Product (QoQ)
	Canada		S&P Global Manufacturing PMI
	Switzerland		KOF Leading Indicator
	Switzerland		Industrial Production (YoY)
	Switzerland		Gross Domestic Product (YoY)
	Switzerland		ZEW Survey – Expectations
	China		Industrial Production (YoY)
	China		Caixin Services PMI
	China		Caixin Manufacturing PMI
	Germany		ZEW Survey – Economic Sentiment
	Germany		IFO – Current Assessment
	Germany		IFO – Expectations
	Germany		S&P Global/BME Composite PMI
	Germany		ZEW Survey – Current Situation
	Germany		IFO – Business Climate
	Germany		Gross Domestic Product w.d.a (YoY)
	Germany		Gross Domestic Product (YoY)
	Germany		Factory Orders s.a. (MoM)
	Eurozone		ZEW Survey – Economic Sentiment
	Eurozone		S&P Global Composite PMI
	Eurozone		S&P Global Manufacturing PMI
	Eurozone		Industrial Production s.a. (MoM)
	Eurozone		Business Climate
	Spain		S&P Global Services PMI
	Spain		S&P Global Manufacturing PMI
	France		S&P Global Manufacturing PMI
	France		Gross Domestic Product (QoQ)
	Italy		Gross Domestic Product (YoY)
	Italy		S&P Global Manufacturing PMI
	Italy		Gross Domestic Product (QoQ)
	Italy		S&P Global Services PMI
	Japan		Tankan Large All Industry Capex
	Japan		Tankan Large Manufacturing Outlook
	Japan		Industrial Production (YoY)
	Japan		Gross Domestic Product Annualized
	New Zealand		Business NZ PMI
	New Zealand		NZIER Business Confidence (QoQ)
	Poland		Purchasing Manager Index
	United Kingdom		Manufacturing Production (MoM)
	United Kingdom		S&P Global/CIPS Composite PMI
	United Kingdom		Manufacturing Production (YoY)
	United Kingdom		Gross Domestic Product (MoM)
	United Kingdom		Industrial Production (MoM)
	United Kingdom		Gross Domestic Product (YoY)
	United Kingdom		NIESR GDP Estimate (3M)
	United Kingdom		S&P Global/CIPS Manufacturing PMI
	United States		Durable Goods Orders ex Defense
	United States		S&P Global Manufacturing PMI
	United States		S&P Global Services PMI
	United States		Chicago Fed National Activity Index
	United States		Factory Orders (MoM)
	United States		ISM Services New Orders Index
	United States		ISM Manufacturing New Orders Index
	United States		Philadelphia Fed Manufacturing Survey
	United States		S&P Global Composite PMI
	United States		Chicago Purchasing Managers' Index
	United States		Durable Goods Orders ex Transportation
	United States		Gross Domestic Product Price Index

Calendar - Industrial Production (MoM) - United States

Industrial Production (MoM)

Most recent - Thursday 16 November 2023 14:15

Next event - Friday 15 December 2023 14:15

Trading range

Trading range after each Industrial Production (MoM) event

Forecast history

Past events

Economic context

About Industrial Production (MoM)

Related events