Japan’s industrial output drops -3.3% mom in Aug, set for recovery in coming months

Japan’s industrial production took a sharp hit in August, contracting by -3.3% mom, a significant miss compared to market expectations of -0.5% mom decline. The seasonally adjusted production index for factories and mines stood at 99.7, based on the 2020 benchmark of 100. Among the 15 industrial sectors surveyed, 12 experienced a decrease in output, […]

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