Japan's industrial output fell 0.1% in April, mainly due to automobile sector decline.
Japan's industrial output fell by 0.1% in April, primarily due to a decline in transport equipment production, specifically in the automobile sector. The Ministry of Economy, Trade and Industry anticipates a 6.9% growth in May output, followed by a 5.6% decline in June. Seven of the 15 surveyed industries reported a drop in output, with transport equipment and automobiles leading the contraction.
May 31, 2024
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