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Japan’s factory output falls most in 5 years in Feb

by ChemOrbis Editorial Team -
  • 15/04/2016 (14:02)
According to media reports, Japan’s industrial production in February plunged the most since March 2011. Data released by Japan’s Trade Ministry showed that the country’s factory output fell 6.2% in February, exceeding economists’ estimates of a 5.9% drop, according to a survey by Bloomberg.

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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