With the coronavirus pandemic leading many factories to suspend operations late in the month, the Federal Reserve released a report on Wednesday showing the biggest monthly drop in U.S. industrial production in over seventy years in the month of March.
The report said industrial production plunged by 5.4 percent in March after rising by a downwardly revised 0.5 percent in February.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.