Japan's industrial output unexpectedly drops in April

Industrial production falls 0.4% over prior month, retail sales surge 5%

By Tuba Ongun

ANKARA (AA) - Japan's industrial output unexpectedly fell for the first time in three months in April, according to data from the Economy, Trade and Industry Ministry on Wednesday.

Industrial production declined 0.4% from a month earlier following two consecutive months of growth.

The market expected factory output to rise 0.5%.

Contributing the decline in headline figure, production of machinery, and iron and steel slipped 7.4% and 1.1%, respectively.

On an annual basis, industrial production dropped 0.3% in April.

Separate data on Wednesday showed retail sales grew 5% year-on-year in April, following a plunge of 7.2% in March.

Kaynak:

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