Tuesday, July 30, 2013

Japan Industrial output down

Japan's industrial output in June fell for the first time in last five months.
Official  data released on Tuesday by the Economy, Trade and Industry Ministry, industrial output dropped 3.3 percent in June compared to May.The index of output at factories and mines stood at 94.5 against the base of 100 for 2010.

Production of cars for domestic and European markets was down, amid falling demand for new vehicles.
Semiconductor output also dropped for Asia-bound smartphones due to part to the slowdown in the Chinese economy.The July index for industrial output marked a bigger decline than expected but the Economy, Trade and Industry Ministry says overall production shows signs of picking up moderately.
Media agencies 

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