Japan July industrial output falls 0.6% month-on-month

[TOKYO] Japan's industrial output unexpectedly fell 0.6 per cent in July, government data showed on Monday, in a sign that weak overseas demand and high inventories are weighing on production.

The month-on-month fall compared with economists' median estimate of a 0.1 per cent increase and followed a 1.1 per cent rise in June, data by the Ministry of Economy, Trade and Industry showed.

Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to rise 2.8 per cent in August and decrease 1.7 per cent in September, the data showed.

REUTERS