Japan’s factory output falls most in 5 years in Feb
The fall in February was attributed to falling exports, lower shipments of capital goods and weaker domestic car production. Economists commented that the slump in February’s output may signal a contraction for Japan’s manufacturing activity in the first quarter.
The trade ministry’s data also showed that shipments of capital goods excluding transportation equipment declined more than 10% on the month in February, indicating the biggest drop in a year.
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