You are here

Japan May industrial output down 2.2% month on month

Monday, June 29, 2015 - 08:02

JAPANINDUSTRIAL150629.jpg
A Daikin Industries Ltd employee inspects indoor air conditioning units at the production line at the company's Kusatsu factory in Shiga prefecture, western Japan March 20, 2015.

[TOKYO] Japanese industrial output fell 2.2 per cent in May, falling at the fastest pace in three months, government data showed on Monday.

The fall was more than the median estimate for a 0.8 per cent decline.

Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to rise 1.5 per cent in June and increase 0.6 per cent in July, the data showed.

The government lowered its assessment of industrial production, saying factory output is stagnating.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom