Japan’s industrial output falls more than initially anticipated to 0.6% in February
Industrial production in Japan declined by 0.6% month-over-month in February 2024, compared with flash data of a 0.1% drop, following a 6.7% plunge a month earlier which was the steepest decrease since May 2020.
Yearly, industrial output fell by 3.9% in February, the fourth straight month of contraction and the steepest pace in the sequence.
ETFs: (JEQ), (EWJ), (DXJ), (FXY).
Japan’s Nikkei 225 (NKY:IND) rose 0.31% to close at 39,564 on Friday.
(USD:JPY) is trading at 153.21.
More on Japan
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Japan’s industrial output slips 0.1% in February, retail sales exceed forecasts
Japanese shares hit all-time high after inflation accelerates in February
Japan’s manufacturing activity rises to 48.2 in March; services PMI increased to 54.9
Japan’s central bank hikes interest rate after 17 years, scraps yield curve control
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