Reported 3 months ago
Japan's factory output fell 3.6% in June, reflecting ongoing struggles with a recovery after earlier economic contraction, primarily due to issues in the automotive sector linked to major carmakers like Toyota. Despite a quarterly increase of 2.9%, year-over-year production decreased by 7.3%. The retail sector showed slight growth, but economists express concerns that the industrial slump could hinder the expected economic rebound stymied by weak consumption.
Source: YAHOO