A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July.
The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June.
Economists had expected industrial production to come in unchanged compared to the 0.3 percent increase 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.