Partly reflecting a surge in utilities output, the Federal Reserve released a report on Wednesday showing industrial production in the U.S. increased by more than expected in the month of January.
The Fed said industrial production grew by 0.7 percent in January after rising by a downwardly revised 0.2 percent in December.
Economists had expected industrial production to climb by 0.4 percent, matching the increase originally reported for the previous month.
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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.