Japan's industrial production and retail sales fall in August
Japan's industrial production and retail sales declined in August, preliminary figures revealed on Tuesday.
According to a report from the Ministry of Economy, Trade & Industry, industrial production in Japan declined 1.2% month-on-month in August, matching the decline recorded in July, but surpassing the 0.8% fall that was expected based on the consensus forecast cited by FXStreet.
Meanwhile, industrial production slumped 1.3% year-on-year in August, accelerating from a 0.4% drop in the previous month.
Furthermore, the METI said retail sales fell 1.1% month-on-month in August, easing from a 1.6% decline in July.
Retail sales were down 1.1% year-on-year in August, contrasting with a 0.4% increase in the previous month, and missing the 1% increase that was forecast.
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
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