Industrial production in the U.S. unexpectedly showed a notable decrease in the month of April, according to a report released by the Federal Reserve on Wednesday.
The Fed said industrial production fell by 0.5 percent in April following a revised 0.2 percent uptick in March.
Economists had expected production to come in unchanged compared to the 0.1 percent dip originally reported for the previous month.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.