With a drop in manufacturing output offsetting increases in mining and utilities production, the Federal Reserve released a report on Friday showing an unexpected decrease in U.S. industrial production in the month of May.
The report showed that production edged down by 0.1 percent in May after a downwardly revised 1.0 percent increase in April. Economists had expected production to come in unchanged following the 1.1 percent increase originally reported for the previous month.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.