Asian Economic News

Japan Industrial Production Eases 0.1% In June

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 RTTNews Staff Writer

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