The Federal Reserve released a report on Thursday unexpectedly showing a modest decrease in U.S. industrial production in the month of May.
The Fed said industrial production slipped by 0.2 percent in May after climbing by 0.5 percent in April, while economists had expected production to inch up by 0.1 percent.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.