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Economy And The Numbers

U.S. Industrial Production Decreases Much More Than Expected In December

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Industrial production in the U.S. decreased by much more than expected in the month of December, according to a report released by the Federal Reserve on Wednesday.

The Fed said industrial production slid by 0.7 percent in December after falling by a revised 0.6 percent in November. Economists had expected industrial production to edge down by 0.1 percent compared to the 0.2 percent dip originally reported for the previous month.

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