Japan Nov factory output falls 0.9% month-on-month | Inquirer Business

Japan Nov factory output falls 0.9% month-on-month

/ 09:47 AM December 28, 2023

Japan Nov factory output falls 0.9% month/month

FILE PHOTO: A worker checks machinery at a factory in Higashiosaka, Japan June 23, 2022. REUTERS/Sakura Murakami/File photo

TOKYO  -Japan’s factory output fell 0.9 percent in November from the previous month, compared with the median market forecast for a 1.6-percent drop, data showed on Thursday.

Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect seasonally adjusted output to increase 6 percent in December and decline 7.2 percent in January.


READ: Japan retail sales up for 9th month led by tourism help


Other data showed Japanese retail sales expanded 5.3 percent in November from a year earlier. That was roughly in line with the median market forecast for a 5-percent gain and marked the 21st consecutive month of expansion since March 2022.

READ: Japan’s factory, service sector activity under pressure in Oct – PMI

Compared with the previous month, retail sales grew 1 percent in November, following a 1.7 percent decline in October, the data showed.

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TAGS: factory output, Japan, retail sales

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