Industrial output in Japan eased a seasonally adjusted 0.1 percent on month in June, the Ministry of Economy, Trade and Industry said in Monday's preliminary reading.
That was well shy of forecasts for a 1.5 percent increase following the 3.4 percent contraction in May.
On a yearly basis, industrial production fell 2.0 percent - also missing expectations for a contraction of 0.1 percent following the 6.0 percent jump in the previous month.
Upon the release of the data, the METI downgraded its assessment of industrial production, saying: "Industrial production appears to be flat."
by RTT Staff Writer
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