Japan’s June factory output rises 2% from a month earlier
2023.07.30 21:24
© Reuters. FILE PHOTO: A worker is seen in front of facilities and chimneys of factories at the Keihin Industrial Zone in Kawasaki, Japan September 12, 2018. REUTERS/Kim Kyung-Hoon
TOKYO (Reuters) – Japan’s factory output rose 2.0% in June from the previous month, government data showed on Monday.
The seasonally adjusted rise compared with a median market forecast for a 2.4% gain.
Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to fall 0.2% in July and increase 1.1% in August, the data also showed.
Separate data also showed Japanese retail sales rose 5.9% in June from a year earlier, in line with forecasts.
Compared with the previous month, retail sales contracted 0.4% in June, following a 1.4% rise in May, the data showed.
