June Industrial Production Down Only 0.4%
The Federal Reserve reported a 0.4% drop in June industrial output following a downwardly revised 1.2% drop in May. The May decline is a bit better than the expected 0.6% drop.
Industrial production is down 13.6% over the last 12 months; it has fallen for eight consecutive months, and 17 of the last 18 months.
Source: Reuters















