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MNI BRIEF: Japan May Factory Output Posts 2nd Straight Drop

(MNI) Tokyo
TOKYO (MNI)

Japan's industrial output fell 7.2% m/m in May for the second straight drop on weaker production of automobiles and electrical machinery, and information and communication electronics equipment, preliminary data released Thursday by the Ministry of Economy, Trade and Industry showed.

Production of automobiles fell 8.0% in May, (See: MNI: BOJ Tankan Expected To Show Downbeat Manufacturing-Survey.)

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Japan's industrial output fell 7.2% m/m in May for the second straight drop on weaker production of automobiles and electrical machinery, and information and communication electronics equipment, preliminary data released Thursday by the Ministry of Economy, Trade and Industry showed.

Production of automobiles fell 8.0% in May, (See: MNI: BOJ Tankan Expected To Show Downbeat Manufacturing-Survey.)

Keep reading...Show less