U.S. Industrial Production Comes In Flat In April
(RTTNews) - With a surge in utilities output offset by decrease in mining and manufacturing output, the Federal Reserve released a report on Thursday showing U.S. industrial came in flat in the month of April.
The Fed said industrial production came in unchanged in April after inching up by a downwardly revised 0.1 percent in March.
Economists had expected industrial production to edge up by 0.1 percent compared to the 0.4 percent increase originally reported for the previous month.
The report said utilities output shot up by 2.8 percent, while mining output fell by 0.6 percent and manufacturing output dipped by 0.3 percent.
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U.S. Consumer Sentiment Unexpectedly Drops To Seven-Month Low In June
The University of Michigan released preliminary data on Friday unexpectedly showing a continued deterioration in U.S. consumer sentiment in the month of June. The report said the consumer sentiment index fell to 65.6 in June after tumbling to 69.1 in May. Economists had expected the index to rebound to 72.0.
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U.S. Import, Export Prices Unexpectedly Decrease In May
A report released by the Labor Department on Friday showed unexpected decreases by U.S. import and export prices in the month of May.
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U.S. Weekly Jobless Claims Unexpectedly Climb To 242,000
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