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Japan's July factory output slumps, raises pressure on manufacturers

From channelnewsasia.com

Japan's factory output fell more than expected in July, signalling a rocky start to the second half of the year for manufacturers as worries mount over growth in China and the global economy. Industrial output fell 2.0 per cent in July from the previous month, data from the Ministry of Economy, Trade and Industry showed on Thursday (Aug 31). The reading was worse than a median market forecast for a 1.4 per cent drop and followed 2.4 per cent growth in June. Production of cars rose 0.6 per cent thanks to easing supply chain constraints for automakers. Carmakers like Toyota and Honda have huge influence over other ... (full story)

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