The Federal Reserve released a report on Thursday showing industrial production in the U.S. fell by much more than expected in the month of July.
The report said industrial production decreased by 0.6 percent in July after rising by a downwardly revised 0.3 percent in June.
Economists had expected industrial production to dip by 0.3 percent compared to the 0.6 percent increase originally reported for the previous month.
The bigger than expected decline by industrial production partly reflected a sharp pullback by utilities output, which plunged by 3.7 percent in July after surging by 2.6 percent in June.
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January 30, 2026 15:51 ET The Federal Reserve policy decision was the main event in the final week of January, which saw a heavy flow of economics news. Several data reflecting the trends in the U.S. economy were also released during the week. The interest rate decision from Canada also was in focus. In Europe, economic sentiment data gained attention. The policy decision from Singapore was the highlight in Asia.