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Japan January Industrial Production Sinks 7.5%

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Industrial output in Japan slumped a seasonally adjusted 7.5 percent on month in January, the Ministry of Economy, Trade and Industry said on Thursday.

That missed forecasts for a decline of 6.7 percent following the 1.4 percent increase in December.

On a yearly basis, industrial production sank 1.5 percent after shedding 0.7 percent in the previous month.

Upon the release of the data, the METI downgraded its assessment of industrial production, saying that it continues to fluctuate indecisively but has weakened.

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