Industrial production in the U.S. rebounded by much more than anticipated in the month of August, the Federal Reserve revealed in a report released on Tuesday.
The Fed said industrial production climbed by 0.8 percent in August after slumping by a revised 0.9 percent in July.
Economists had expected industrial production to rise by 0.2 percent compared to the 0.6 percent decrease originally reported for the previous month.
For comments and feedback contact: editorial@rttnews.com
Business News
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.