The growth of industrial production in Japan in July was flat, after rising in June by 2.3%. Analysts had expected an increase of 0.8%. On an annual basis, industrial production fell by -3.8%, lower than the previous value of -1.5%.
Industrial production – an indicator published by the Ministry of Economy, Trade and Industry, that reflects the activity of production plants, factories and mining companies. This indicator has attracted attention because it is the main indicator of the strength and health of the manufacturing sector.
The data published today indicate the slowdown of industrial production growth, despite the efforts of Prime Minister Abe to revive the economy.