Industrial Production in United States
The United States recorded average industrial production growth of 0.6% in the decade to 2022, below the 0.7% average for Major Economies. In 2022, U.S. industrial production growth was 3.4%. For more industry information, visit our dedicated page.
United States Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for United States from 2014 to 2023.
Source: Macrobond.
United States Industry Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -0.7 | -7.1 | 4.4 | 3.4 | 0.2 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects American industry projections for the next ten years from a panel of 17 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for American industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our American industry projections.
Want to get access to the full dataset of American industry forecasts? Send an email to info@focus-economics.com.