Industrial output in Japan remained unchanged in September compared with the previous month, falling below forecasts. Retail sales were unchanged, reflecting the sustained weakness in consumer spending.
Industrial production index was 0.0%, after rising 1.3% in Septembe. This was reported today the Ministry of Economy, Trade and Industry of Japan. The annualized rate of industrial production also fell from 4.5% to 0.9%. Industrial production – an indicator reflecting the volume of production plants, factories and mining companies of Japan. The yen weakened after data showed a weakening of strength and health of the manufacturing sector.
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