American industrial production contradicts growth expectations and contracts again.

The Federal Reserve Bank of the United States released data on the country's industrial production for the month of November on Tuesday, which showed a continued contraction in industrial production in the United States.

On a monthly basis, industrial production in the United States contracted by 0.1%, with the reading contradicting market expectations that forecasted a growth of 0.3% in U.S. industrial production, following a contraction of 0.3% recorded at the end of October.

The industrial production index is considered one of the leading indicators for measuring the health of the economy, as production is quickly affected by fluctuations in the business cycle and is also linked to consumer conditions such as employment levels and profits.