The Federal Reserve released a report on Friday showing U.S. industrial production jumped by much more than expected in the month of December.
The Fed said industrial production surged up by 1.6 percent in December after climbing by an upwardly revised 0.5 percent in November.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.