Japan's factory output unexpectedly fell 0.1 percent in June from the previous month for the third straight month of decline, adding to signs of losing its recovery momentum after the March 2011 earthquake and tsunami, official data showed Monday. Amid slowing economy overseas, the fall followed a revised 3.4 percent drop in May, according to the Ministry of Economy, Trade and Industry. The ministry revised down its overall assessment of production in the world's third-biggest economy, saying, "Industrial production is flat." It said output was in a recovering trend in its earlier assessment in May. The June fall was chiefly due to a decrease in output from carmakers and transport equipment manufacturers on lower auto demand in Europe caused by the debt crisis. Output in the electrical machinery sector and the iron and steel sector were also sluggish. Looking ahead, manufacturers polled by the ministry expect production will grow 4.5 percent in July but fall 0.6 percent in August.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor