Mount Fuji, Japan

Japan Industrial production July 2023

Japan: Industrial activity dips in July

Industrial output slid 1.8% in month-on-month seasonally-adjusted terms in July, which contrasted June’s 2.4% increase. July’s reading was partly due to a deterioration in manufacturing output. In addition, mining production fell.

On an annual basis, industrial output dropped 2.3% in July, which was notably below June’s flat reading and marking the worst result since January. Meanwhile, annual average growth of industrial production was 0.8% in July, matching June’s result.

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