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Growth of industrial production in the United States in December 2024

Increase in industrial production

In December 2024, industrial production in the United States registered an increase of 0.9% on a monthly basis, a figure that surprised analysts positively. This result, published by the Federal Reserve, exceeded forecasts that indicated a smaller increase of 0.3%. The previous month, production had shown an increase of 0.2%, revised by an initial decline of 0.1%. These data suggest a robust recovery in the industrial sector, which is benefiting from increased demand and improved economic conditions
.

Manufacturing production on the rise

Another positive aspect is represented by manufacturing production, which saw an increase of 0.6% compared to the previous month. This figure exceeded analysts’ expectations, who had forecast an increase of 0.2%. The December result compares favorably with +0.4% in November, also revised from a preliminary figure of +0.2%. Growth in manufacturing production is a key indicator of economic health, suggesting that companies are increasing their production capacity to meet
growing demand.

Use of industrial capacity

During the same period, industrial capacity utilization in the United States increased to 77.6%, exceeding analysts’ estimates who expected a figure of 77%. This improvement compared to 77% in the previous month indicates greater efficiency and optimization of industrial resources in the country. Higher capacity utilization is often associated with sustained economic growth, as companies tend to invest more in equipment and personnel when operating at higher levels of capacity
.

Global Economic Perspectives

The International Monetary Fund recently forecast stable global economic growth of 3.3% for this year and next, in line with forecasts from the World Economic Outlook. Inflation is falling, encouraging the normalization of monetary policies. These factors, together with the growth of industrial production in the United States, suggest a favorable economic environment that could continue to support expansion in the industrial and manufacturing sector
.

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