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TOKYO (AFP) ― Japan’s industrial production fell by a sharper-than-expected 0.7 percent on-month in August, official data showed Monday.
The latest reading came after a revised rise of 3.4 percent registered in the previous month, according to the Ministry of Economy, Trade and Industry.
It was also lower than a drop of 0.4 percent economists had expected on average.
“Industrial production shows signs of picking up at a moderate pace,” the ministry said in its monthly survey, leaving its verdict unchanged from the July report.
The latest reading came after a revised rise of 3.4 percent registered in the previous month, according to the Ministry of Economy, Trade and Industry.
It was also lower than a drop of 0.4 percent economists had expected on average.
“Industrial production shows signs of picking up at a moderate pace,” the ministry said in its monthly survey, leaving its verdict unchanged from the July report.
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Articles by Korea Herald
