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Japan April factory output falls 0.4% from a month earlier

2023-05-31 08:26
TOKYO Japan's factory output in April fell 0.4% from the previous month, government data showed on Wednesday, less
Japan April factory output falls 0.4% from a month earlier

TOKYO Japan's factory output in April fell 0.4% from the previous month, government data showed on Wednesday, less than the median market forecast for a 1.5% gain.

Manufacturers surveyed by the Ministry of Economy, Trade and Industry (METI) expect output to increase 1.9% in May and expand 1.2% in June, the data also showed.

Separate data also showed Japanese retail sales rose 5% in April from a year earlier, missing a median market forecast for a 7% gain.

Compared with the previous month, retail sales contracted 1.2% in April, following a 0.3% rise in March, the data showed.

For the full tables, visit METI website:

(Reporting by Satoshi Sugiyama; Editing by Chang-Ran Kim and Christian Schmollinger)