Japan’s Industrial Output Falls 0.5% in August

September 29, 2015 Share Print 0

Japan’s industrial output unexpectedly fell 0.5 percent in August, down for the second straight month, government data showed on Wednesday, underscoring concerns about tepid factory activity.

The month-on-month fall compared with economists’ median forecast for a 1.0 percent increase in a Reuters poll.

Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to rise 0.1 percent in September and grow 4.4 percent in October, data showed.

Meanwhile, data released by the ministry at the same time showed retail sales rose 0.8 percent in August from a year earlier, compared with economists’ median estimate for a 1.1 percent annual increase.

Speaking in New York overnight, Japanese Prime Minister Shinzo Abe said that more effort was needed to pull the world’s third-biggest economy out of deflation.

Via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.