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Japan factory output falls in Feb in worrying sign for recovery

From reuters.com

Japan’s industrial output fell in February due to declines in the production of cars and electrical machinery, in a worrying sign for an economy struggling to recover from the deep impact of the coronavirus pandemic. The world’s third-largest economy is expected to contract in the current quarter due to a second coronavirus-related state of emergency that was imposed from early January for Tokyo and some neighbouring prefectures. Official data released on Wednesday showed factory output shrank 2.1% from the previous month in February, dragged down by falls in production of cars, electrical machinery and information ... (full story)

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  • Category: Fundamental Analysis