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MNI BRIEF: Japan July Factory Output Fall First In Two Months

(MNI) Tokyo
(MNI) TOKYO

Japan's industrial output fell 2.0% m/m in July for the first drop in two months following June's 2.4% gain, due to lower production of machinery and electronic parts, and devices, although production for motor vehicles rose slightly, data released by the Ministry of Trade and Industry showed on Thursday.

July’s drop was largely in line with the Bank of Japan's view that industrial production has been more or less flat.

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Japan's industrial output fell 2.0% m/m in July for the first drop in two months following June's 2.4% gain, due to lower production of machinery and electronic parts, and devices, although production for motor vehicles rose slightly, data released by the Ministry of Trade and Industry showed on Thursday.

July’s drop was largely in line with the Bank of Japan's view that industrial production has been more or less flat.

Keep reading...Show less