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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Manufacturing Production MoM climbed to 0.3% in September 2026
FMPMonthlyReleased October 2026
US Manufacturing Production MoM climbed to 0.3% in September 2026, released October 2026, up 0.5% from August's -0.2% reading. The reading matched the 0.3% consensus. The print is running well above the 12-month average of 0.1%. Over the past 3 months, Manufacturing Production MoM averaged -0.05%, vs 0.2% in the prior 3-month window. The reading is in the 78th percentile of the trailing 24-month range.
Latest Release
0.3
Actual
0.3
Consensus
-0.2
Previous
Median Absolute Error
±0.23 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 0.15
Actual: 0.3
Error: -0.15
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.67 | INDEX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.66 | CRYPTO | Moves against | → View |
| USD/CHF | ▲ Direct | +0.51 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.51 | COMMODITIES | Moves against | → View |
| GOOGL | ▼ Inverse | −0.48 | STOCKS | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Manufacturing Production MoM (United States) was reported at 0.3% in October 2026. This matched the market consensus of 0.3% exactly. The reading rose from the previous value of -0.2%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 0.13%, ranging from -0.4% to 0.6% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 0.07%, down from the prior three at 0.2%. Volatility over the past year (σ 0.3%) is lower than the prior year (σ 0.8%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 0.23%.
WHAT TO WATCH NEXT
The next release is scheduled for November 17, 2026. Same-country events in the next 14 days include Employment Cost - Benefits QoQ (Oct 30) and Employment Cost - Wages QoQ (Oct 30).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Manufacturing Production MoM - US
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About Manufacturing Production MoM — United States
DEFINITION
Manufacturing Production MoM (Month-over-Month) is a key economic indicator that measures the change in the total output of goods produced by the manufacturing sector in a given month. This indicator provides valuable insights into the health and performance of the manufacturing industry, which is a crucial component of a country's overall economic growth. A positive change in Manufacturing Production MoM indicates an increase in production and can be seen as a sign of economic expansion, while a negative change may signal a decline in manufacturing activity. This indicator is closely monitored by investors, policymakers, and analysts to make informed decisions and forecasts about the state of the economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 0.3 %, consensus 0.3 %. Prior reading (Aug 2026): -0.3 %. Before that (Jul 2026): 0.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bearish S&P 500, r=-0.67) — a useful reference for index-focused traders.
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Economic Calendar - US Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Initial Jobless Claims | 194 | 195 | 199 | 196.50 | High |
| 12:30 | US | GDP Price Index QoQ | 2.2 | 6.1 | 3.2 | 2.70 | Medium |
| 12:30 | US | Core PCE Price Index MoM | 0.3 | 0.3 | 0.3 | 0.30 | High |
| 12:30 | US | PCE Price Index YoY | 3.6 | 3.4 | 3.6 | 3.60 | Medium |
| 12:30 | US | Personal Income MoM | 0.2 | 0.3 | 0.3 | 0.25 | High |
| 12:30 | US | PCE Price Index MoM | 0.5 | 0.3 | 0.5 | 0.50 | Medium |
| 12:30 | US | Core PCE Price Index YoY | 3.1 | 3 | 3.1 | 3.10 | High |
| 12:30 | US | Jobless Claims 4-Week Average | 196.75 | 198 | 197 | 196.88 | High |
| 12:30 | US | Continuing Jobless Claims | 1701 | 1722 | 1720 | 1710.50 | High |
| 12:30 | US | Real Consumer Spending QoQ | 3.8 | 3.8 | 3.9 | 3.85 | Low |
| 12:30 | US | GDP Sales QoQ | 1.7 | 2.8 | 3.5 | 2.60 | Low |
| 12:30 | US | Personal Spending MoM | 0.5 | 0.5 | 0.4 | 0.45 | Low |
| 12:30 | US | GDP Growth Rate QoQ | 3.4 | 2.2 | 3.2 | 3.30 | High |
| 12:30 | US | Core PCE Prices QoQ | 2.5 | 3.3 | 2.4 | 2.45 | Low |
| 12:30 | US | PCE Prices QoQ | 2.1 | 5 | 3.4 | 2.75 | Low |
| 14:30 | US | EIA Natural Gas Stocks Change | 80 | 77 | 75 | 77.50 | Low |