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In April, industrial production in Japan increased by 0.6% compared to March, when its decline was recorded at 0.6%, preliminary statistics showed. The April growth rate surpassed the forecasts of economists, who had expected an increase of only 0.2%. In annual terms, the decline in industrial production slowed in April to 1.1% from 4.3% in the previous month. The unemployment rate fell to 2.4% from 2.5%. The country completed the construction of 931 new homes, which is 5.7% less than in March. In the automotive industry, there was a decline in production by 4.1% compared to the same month last year. At the same time, the forecast of economists, who had expected the growth of the consumer confidence index to 40.6 points, did not come true, since the index was 39.4 points, dropping from 40.4 points in March. Published data on retail sales in April showed that their volume did not change relative to March, and in annual terms it grew by 5%.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
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