A report released by the Federal Reserve on Wednesday showed industrial production in the U.S. increased by more than expected in the month of June.
The Fed said industrial production climbed by 0.6 percent in June after jumping by 0.9 percent in May. Economists had expected industrial production to rise by 0.3 percent.
The bigger than expected increase by industrial production partly reflected a continued spike in utilities output, which shot up by 2.8 percent in June after surging by 1.9 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.