US stocks fell on Friday amid some relatively disappointing economic reports. The S&P 500 declined 0.6 percent to end the week down 1.0 percent.
Data from the Federal Reserve showed that US industrial production was unchanged in May. However, manufacturing output managed to increase by 0.1 percent.
Consumer confidence declined in June, with the preliminary Thomson Reuters/University of Michigan index of consumer sentiment falling to 82.7 from 84.5 in May. The May reading, though, had been the highest since July 2007.
Producer prices rose 0.5 percent in May. This was not enough to suggest inflationary pressure, especially after the 0.7 percent decline in April.
However, inflation in the euro area accelerated to 1.4 percent in May from 1.2 percent in April.
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