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Japan Factory Output Slows Unexpectedly
30 Jun
Summary
- Factory output increased by 0.5% in May.
- This figure fell short of the predicted 1.1% rise.
- Manufacturers anticipate a 3.7% rise in June production.
In May, Japan's industrial production experienced a growth of 0.5% compared to the previous month. This result was lower than the median market forecast, which had predicted a 1.1% increase. The data, released by the Ministry of Economy, Trade and Industry, provides insight into the manufacturing sector's performance.
Looking ahead, manufacturers surveyed expressed optimism for June, anticipating a seasonally adjusted output increase of 3.7%. This projection suggests a potential rebound and a significant uptick in production for the following month. However, their outlook for July indicated a stabilization, with expectations of output remaining flat during that period.
