After reporting a sharp increase in U.S. industrial production in the previous month, the Federal Reserve released a report on Friday showing industrial production edged modestly higher in the month of May.
The Fed said industrial production crept up by 0.2 percent in May after surging by an upwardly revised 1.4 percent in April.
Economists had expected production to rise by 0.4 percent compared to the 1.1 percent jump 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.