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  HOME | Business & Economy (Click here for more)

Japan’s Industrial Output Dropped 1.2% in August

TOKYO – Japan’s industrial production declined by 1.2 percent in August from the previous month, according to data released by the government on Monday.

The index fell 4.7 percent compared to August 2018, the ministry of economy, trade and industry said in its monthly report.

The industries that contributed most to the August decline were transport equipment – excluding motor vehicles – iron, steel and non-ferrous metals, and oil and coal.

On the other hand, the sectors that registered the best performance were those of electronic devices and components, electrical machinery and electronic information and communication equipment, and general-purpose and business-oriented machinery.

According to data from a survey conducted by the ministry among Japanese companies, industrial output is expected to increase by 1.9 percent in September but decrease by 0.5 percent in October.

Industrial production data, which measures the pace of Japanese factories, is considered key in anticipating the progress of the country’s economy as it is highly dependent on the manufacturing sector.

 

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