The Federal Reserve released a report on Friday showing industrial production in the U.S. rebounded by much more than anticipated in the month of April.The report said industrial production climbed by 0.7 percent in April after falling by a revised 0.3 percent in March.Economists had expected industrial production to rise by 0.3 percent compared to the 0.5 percent decrease originally reported for ...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.