Financial News: U.S. Industrial Production Unexpectedly Edges Down 0.1% In

U.S. Industrial Production Unexpectedly Edges Down 0.1% In November

12/17/2024 - 09:21:00 (RTTNews)

(RTTNews) - The Federal Reserve released a report on Tuesday unexpectedly showing a modest decrease by U.S. industrial production in the month of November.

The report said industrial production edged down by 0.1 percent in November after falling by a revised 0.4 percent in October.

Economists had expected industrial production to rise by 0.3 percent compared to the 0.3 percent dip originally reported for the previous month.

The unexpected decrease by industrial production came as notable declines by mining and utilities output more than offset an uptick by manufacturing output.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Deteriorates More Than Previously Estimated In January (11 hr(s), 16 min(s), 26 sec(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story»

Eurozone Private Sector Grows In January (11 hr(s), 41 min(s), 26 sec(s) ago)
(RTTNews) - Euro area private sector returned to growth in January as the contraction in manufactu ...Full Story»

U.S. Existing Home Sales Jump Much More Than Expected In December (11 hr(s), 51 min(s), 26 sec(s) ago)
(RTTNews) - A report released by the National Association of Realtors on Friday showed existing ho ...Full Story»

Slovenia Consumer Confidence Weakens Slightly (13 hr(s), 02 min(s), 26 sec(s) ago)
(RTTNews) - Slovenian consumers remained slightly more pessimistic at the start of the year, figur ...Full Story»

Hungary Jobless Rate Falls To 4.4% (13 hr(s), 32 min(s), 26 sec(s) ago)
(RTTNews) - Hungary's unemployment rate increased during the October-December period, data fro ...Full Story»

Taiwan Q4 GDP Growth Eases To 1.84% (14 hr(s), 01 min(s), 26 sec(s) ago)
(RTTNews) - Taiwan's economy continued to expand in the final quarter of 2024, though at the ...Full Story»

UK Private Sector Logs Further Marginal Expansion (14 hr(s), 28 min(s), 26 sec(s) ago)
(RTTNews) - The UK private sector activity expanded at the fastest pace in three months in January ...Full Story»

Spain Producer Prices Rise 2.3% In December (15 hr(s), 36 min(s), 26 sec(s) ago)
(RTTNews) - Spain's producer prices increased for the second straight month in December amid a ...Full Story»