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Japan Industrial Production Plunges 25.9% On Year In May

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Industrial output in Japan plummeted 25.9 percent on year in May, the Ministry of Economy, Trade and Industry said on Tuesday.

That was well shy of expectations for a drop of 11.3 percent following the 15.0 percent decline in the previous month.

On a seasonally adjusted monthly basis, industrial production sank 8.4 percent - again missing estimates for a drop of 5.6 percent following the 9.8 percent slide in April.

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