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Japan factory output falls, casting doubts about pace of economic recovery
Asian Markets
Japan factory output falls, casting doubts about pace of economic recovery
By Satoshi Sugiyama
September 29, 202410:26 PM EDT • Updated 13 hours ago
TOKYO, Sept 30 (Reuters) - Japan's factory output tumbled last month driven by typhoon-led disruptions in motor vehicle production and weak U.S. sales, with the government and analysts cautioning about a subdued outlook that raises the hurdle for a solid economic recovery.
Industrial output fell 3.3% in August from the previous month, data released by the Ministry of Economy, Trade and Industry (METI) on Monday showed, worse than a median market forecast for a 0.9% drop.
{snip}
Japan factory output falls, casting doubts about pace of economic recovery
By Satoshi Sugiyama
September 29, 202410:26 PM EDT • Updated 13 hours ago
TOKYO, Sept 30 (Reuters) - Japan's factory output tumbled last month driven by typhoon-led disruptions in motor vehicle production and weak U.S. sales, with the government and analysts cautioning about a subdued outlook that raises the hurdle for a solid economic recovery.
Industrial output fell 3.3% in August from the previous month, data released by the Ministry of Economy, Trade and Industry (METI) on Monday showed, worse than a median market forecast for a 0.9% drop.
{snip}
Japan's industrial production falls in August
7 hours ago
Japan's industrial production fell in August for the first time in two months. Lower output of vehicles and chip-making equipment contributed to the decline.
The economy, trade and industry ministry says industrial production dropped 3.3 percent from the previous month, with declines for 12 of the 15 industries covered by the survey.
Automobile manufacturing slumped by 10.6 percent due to plant closures triggered by the impact of Typhoon Shanshan.
Lower output of chip-making equipment for export contributed to a 4.6 percent drop for the production machinery sector.
{snip}
7 hours ago
Japan's industrial production fell in August for the first time in two months. Lower output of vehicles and chip-making equipment contributed to the decline.
The economy, trade and industry ministry says industrial production dropped 3.3 percent from the previous month, with declines for 12 of the 15 industries covered by the survey.
Automobile manufacturing slumped by 10.6 percent due to plant closures triggered by the impact of Typhoon Shanshan.
Lower output of chip-making equipment for export contributed to a 4.6 percent drop for the production machinery sector.
{snip}