Reflecting a bounceback in motor vehicle and parts output following the end of the strike at General Motors (GM), the Federal Reserve released a report on Tuesday showing U.S. industrial production rebounded by more than expected in the month of November.
The report said industrial production jumped by 1.1 percent in November after tumbling by a revised 0.9 percent in October.
Economists had expected industrial production to climb by 0.8 percent compared to the 0.8 percent slump originally reported for the previous month.
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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.