Japan's June industrial production ticks up

Paterniano Del Favero
Luglio 31, 2017

TOKYO-Japanese industrial production rose 1.6% on month in June, the Ministry of Economy, Trade and Industry said Monday. Output fell 3.3% in May, the fastest decline since March 2011, following a 4% increase in April that was the biggest in nearly six years.

According to a survey included in the report, manufacturers expect output to rise 0.8% in July and increase 3.6% in August.

On a yearly basis, industrial production climbed 4.9 percent - again exceeding forecasts for 4.8 percent but down from 6.5 percent in the previous month. The Japanese currency rose this month as demand for the US dollar continued to soften.

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