U.S. Industrial Production Rebounds Much More Than Expected In April

U.S. industrial production rebounded more than expected in April, according to the Federal Reserve. The report signals stronger-than-anticipated activity in the manufacturing and industrial sector, which is modestly supportive for growth expectations and relevant for the Fed's policy outlook.

Analysis

U.S. industrial production rebounded more than expected in April, according to the Federal Reserve. The report signals stronger-than-anticipated activity in the manufacturing and industrial sector, which is modestly supportive for growth expectations and relevant for the Fed's policy outlook.