Japan factory output down 0.6% month-on-month in July: Govt

August 31, 2015 | 09:33

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Japan's exports have slowed, raising concerns for its fragile recovery as demand falls in neighbouring giant China.

Japan's economy contracted 0.5 per cent quarter-on-quarter, worse than the 0.4 per cent shrinkage estimated in initial data released three weeks ago. (Photo: AFP/Kazuhiro Nogi)

TOKYO: Japan's factory output fell 0.6 per cent month-on-month in July, worse than market expectations, official data showed on Monday (Aug 31).

The reading from the industry ministry was weaker than the median forecast for an increase of 0.1 per cent in a survey of economists carried out by Bloomberg News. In June, industrial production rose 1.1 per cent compared to May.

The industry ministry also said manufacturers expected output in September would fall 1.7 per cent after growth of 2.8 per cent in August. Japan's exports have slowed, raising concerns about the fragile recovery in the world's number three economy as demand falls in neighbouring giant China.

AFP

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