Japan's industrial output rose 3.0% in October, but manufacturers predict a drop in the coming months.

Japan's industrial output rose 3.0% in October, marking two consecutive months of growth, driven by strong exports of semiconductor manufacturing equipment. Despite the increase, the Ministry of Economy, Trade and Industry maintained a neutral outlook, noting production remains "fluctuating indecisively." However, manufacturers expect output to decline by 2.2% in November and 0.5% in December.

November 29, 2024
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