The Federal Reserve released a report on Thursday unexpectedly showing a modest decrease in U.S. industrial production in the month of August.
The report said industrial production edged down by 0.2 percent in August after climbing by a downwardly revised 0.5 percent in July.
Economists had expected industrial production to inch up by 0.2 percent compared to the 0.6 percent 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.