Industrial production in the U.S. unexpectedly saw further downside in the month of June, according to a report released by the Federal Reserve on Tuesday.
The Fed said industrial production slid by 0.5 percent in June, matching the downwardly revised decrease in May. Economists had expected production to come in unchanged compared to the 0.2 percent dip originally reported for the previous month.
The unexpected decline in production was partly due to a continued slump in utilities output, which plunged by 2.6 percent in June after tumbling by 1.5 percent in May.
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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.