Japan’s Industrial Output Down August, Retail Sales Up

 Japan’s industrial output shrank in August, retails sales expanded in the month.

Tokyo – Japan’s industrial output fell 1.2% in August, government data showed today, almost completely reversing July’s 1.3% increase.

Output was weighed down by reduced production of iron and steel products, factory production equipments and cars, offsetting a gain in electronic parts and chemicals, the released data showed.

Retail sales, however, expanded, signaling strength in private spending ahead of October’s nationwide sales tax increase.

ACMR News

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