Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
InFocus Global

Industrial Output of Japan Bounced Back Exponentially

Factory output rose 4.1 percent in February from the previous month, less than economists' median estimate of a 5.0 percent increase but recovering from a revised 6.8 percent decline in January, trade ministry data showed on Friday.

author-image
SMEStreet Desk
02 Apr 2018 04:52 IST

Follow Us

New Update
Shinzo Abe, Japan, Manufacturing, INdustrial Output

Japan's industrial production rebounded in February from a large decline in the previous month and companies forecast further gains in coming months in a sign that factory output is back on the path toward expansion.

Factory output rose 4.1 percent in February from the previous month, less than economists' median estimate of a 5.0 percent increase but recovering from a revised 6.8 percent decline in January, trade ministry data showed on Friday.

The increase was led by higher output of cars, construction equipment, and semiconductors.

Manufacturers surveyed by the Ministry of Economy, Trade and Industry (METI) expected output to rise 0.9 percent in March and increase 5.2 percent in April.

Separate data showed labour demand eased slightly and the jobless rate edged higher in February, but the labour market is expected to remain tight due to a shortage of workers.

Gains in industrial output suggest that January`s weakness was temporary and the economy remains poised to extend its record growth streak due to solid exports and improving domestic demand.

Output of cars, engines, and car parts rose 10.3 percent in February, the fastest increase since April last year.

Production of construction equipment and factory machinery rose 3.6 percent in February, while production of semiconductors and electronic parts rose 4.8 percent.

The jobs-to-applicants ratio fell to 1.58 from 1.59 in January, which is the highest in 44 years. The jobless rate rose to 2.5 percent in February from 2.4 percent in the previous month.

Japan`s economy has grown for eight straight quarters, its longest continuous expansion since the 1980s bubble economy, moving Prime Minister Shinzo Abe`s revival plan a step closer to vanquishing decades of stagnation.

Consumer spending, exports, and capital expenditure have helped drive growth.

Economists say consumer spending could lose some momentum this year but they expect exports to remain strong thanks to sustained global demand.

Japan Industrial Output Shinzo Abe Manufacturing
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!