United States Manufacturing Production MoM

Info

History

Chart

Impact:

Low

Source: Federal Reserve

Latest Release:

Date:

Surprise:

-0.2%

Actual:

-0.4%

Forecast: -0.2%

Previous/Revision:

0.4%

Period: Apr

Next Release:

Date:

Period: May

What Does It Measure?

The United States Manufacturing Production MoM measures the month-over-month change in the output of the manufacturing sector, explicitly assessing the level of production and capacity utilization within U.S. factories. This indicator is focused on assessing manufacturing employment, production levels, and contributions to overall industrial output, with key indicators including changes in output across various industries.

Frequency

The report is released monthly, typically on the 15th of the month and represents a final figure that provides a comprehensive view of manufacturing performance for the previous month.

Why Do Traders Care?

Traders closely monitor manufacturing production figures as they are significant indicators of economic health and can substantially impact financial markets, influencing the valuation of the USD and the performance of related equities. A higher-than-expected reading typically supports bullish sentiments in markets, prompting upward movements in currencies and stocks linked to industrial performance, while weaker data can trigger bearish reactions.

What Is It Derived From?

Manufacturing Production data is derived from a comprehensive survey of factories and manufacturers across the United States, which includes a wide array of sectors to capture a holistic view of production outputs. This data is aggregated and adjusted through various statistical techniques to reflect changes in production levels accurately, utilizing a diffusion index approach which indicates whether production is expanding or contracting.

Description

The Manufacturing Production MoM report provides insights into the current state and trends of the manufacturing sector by comparing production outputs month over month, which highlights short-term economic changes and operational activity in manufacturing. While it provides immediate value for traders looking to assess economic conditions, it also serves as a key indicator of potential future trends in employment and investment within the sector.

Additional Notes

This indicator acts as a coincident economic measure, reflecting real-time conditions in the manufacturing landscape, which in turn connects to broader economic trends such as GDP growth and employment rates. It is often compared with other measures, including industrial production and factory orders, to provide a more comprehensive picture of economic momentum and capacity utilization.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for USD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
May 15, 2025	-0.4%	-0.2%	0.4%	-0.2%
Apr 16, 2025	0.3%	0.3%	1%
Mar 18, 2025	0.9%	0.3%	0.1%	0.6%
Feb 14, 2025	-0.1%	0.1%	0.5%	-0.2%
Jan 17, 2025	0.6%	0.2%	0.4%	0.4%
Dec 17, 2024	0.2%	0.5%	-0.7%	-0.3%
Nov 15, 2024	-0.5%	-0.5%	-0.3%
Oct 17, 2024	-0.4%	-0.1%	0.5%	-0.3%
Sep 17, 2024	0.9%	0.3%	-0.7%	0.6%
Aug 15, 2024	-0.3%	-0.2%	0%	-0.1%
Jul 17, 2024	0.4%	0.2%	1%	0.2%
Jun 18, 2024	0.9%	0.3%	-0.4%	0.6%
May 16, 2024	-0.3%	0.1%	0.2%	-0.4%
Apr 16, 2024	0.5%	0.3%	1.2%	0.2%
Mar 15, 2024	0.8%	0.3%	-1.1%	0.5%
Feb 15, 2024	-0.5%	0%	0.1%	-0.5%
Jan 17, 2024	0.1%	0%	0.2%	0.1%
Dec 15, 2023	0.3%	0.4%	-0.8%	-0.1%
Nov 16, 2023	-0.7%	-0.3%	0.2%	-0.4%
Oct 17, 2023	0.4%	0.1%	-0.1%	0.3%
Sep 15, 2023	0.1%	0.1%	0.4%
Aug 16, 2023	0.5%	0%	-0.5%	0.5%
Jul 18, 2023	-0.3%	0%	-0.2%	-0.3%
Jun 15, 2023	0.1%	0.1%	0.9%
May 16, 2023	1%	0.1%	-0.8%	0.9%
Apr 14, 2023	-0.5%	-0.1%	0.6%	-0.4%
Mar 17, 2023	0.1%	-0.2%	1.3%	0.3%
Feb 15, 2023	1%	0.8%	-1.8%	0.2%
Jan 18, 2023	-1.3%	-0.3%	-1.1%	-1%
Dec 15, 2022	-0.6%	-0.1%	0.3%	-0.5%
Nov 16, 2022	0.1%	0.2%	0.2%	-0.1%
Oct 18, 2022	0.4%	0.2%	0.4%	0.2%
Sep 15, 2022	0.1%	0%	0.6%	0.1%
Aug 16, 2022	0.7%	0.2%	-0.4%	0.5%
Jul 15, 2022	-0.5%	-0.1%	-0.5%	-0.4%
Jun 17, 2022	-0.1%	0.3%	0.8%	-0.4%
May 17, 2022	0.8%	0.4%	0.8%	0.4%
Apr 15, 2022	0.9%	0.6%	1.2%	0.3%
Mar 17, 2022	1.2%	0.6%	0.1%	0.6%
Feb 16, 2022	0.2%	0.3%	-0.1%	-0.1%
Jan 14, 2022	-0.3%	0.5%	0.6%	-0.8%
Dec 16, 2021	0.7%	0.7%	1.4%
Nov 16, 2021	1.2%	0.7%	-0.7%	0.5%
Oct 18, 2021	-0.7%	0.1%	-0.4%	-0.8%
Sep 15, 2021	0.2%	0.4%	1.6%	-0.2%
Aug 17, 2021	1.4%	0.6%	-0.3%	0.8%
Jul 15, 2021	-0.1%	0.2%	0.9%	-0.3%
Jun 15, 2021	0.9%	0.6%	-0.1%	0.3%
May 14, 2021	0.4%	0.4%	3.1%
Apr 15, 2021	2.7%	4%	-3.7%	-1.3%
Mar 16, 2021	-3.1%	-0.1%	1.2%	-3%
Feb 17, 2021	1%	0.7%	0.9%	0.3%
Jan 15, 2021	0.9%	0.5%	0.8%	0.4%
Dec 15, 2020	0.8%	0.3%	1.1%	0.5%
Nov 17, 2020	1%	1%	0.1%
Oct 16, 2020	-0.3%	0.7%	1.2%	-1%
Sep 15, 2020	1%	1.2%	3.9%	-0.2%
Aug 14, 2020	3.4%	3%	7.4%	0.4%
Jul 15, 2020	7.2%	5.6%	3.8%	1.6%
Jun 16, 2020	3.8%	4.6%	-15.5%	-0.8%
May 15, 2020	-13.7%	-13%	-5.5%	-0.7%
Apr 15, 2020	-6.3%	-3.2%	-0.1%	-3.1%
Mar 17, 2020	0.1%	0.3%	-0.2%	-0.2%
Feb 14, 2020	-0.1%	-0.1%	0.1%
Jan 17, 2020	0.2%	-0.2%	1%	0.4%
Dec 17, 2019	1.1%	0.7%	-0.7%	0.4%
Nov 15, 2019	-0.6%	-0.6%	-0.5%
Oct 17, 2019	-0.5%	-0.2%	0.6%	-0.3%
Sep 17, 2019	0.5%	0.2%	-0.4%	0.3%
Aug 15, 2019	-0.4%	-0.1%	0.6%	-0.3%
Jul 16, 2019	0.4%	0.2%	0.2%	0.2%
Jun 14, 2019	0.2%	0.1%	-0.5%	0.1%
May 15, 2019	-0.5%	0.1%	0%	-0.6%
Apr 16, 2019	0%	0.1%	-0.3%	-0.1%
Mar 15, 2019	-0.4%	0.3%	-0.5%	-0.7%
Feb 15, 2019	-0.9%	0.1%	0.8%	-1%
Jan 18, 2019	1.1%	0.3%	0.1%	0.8%
Dec 14, 2018	0%	0.3%	-0.1%	-0.3%