Japan Industrial Output Falls -0.5% as Petrochemical Weakness Dominates

Japan’s industrial production declined -0.5% mom in March, falling short of expectations for a 1.1% increase. The drop was broad-based, with output declining in 8 of 15 sectors. The downturn was led by petroleum-related products, where output of polyethylene plunged 27% and polypropylene fell 15%. Domestic fuel production also weakened sharply, with gasoline down 7.3% […]

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